A billion dollar deal disposing of smartphone assets in early 2018 will spur investment in VR tech

Taiwan News 
Date: 2017/12/18
By: Duncan DeAeth, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – The Taiwanese smartphone manufacturer HTC is riding a wave of good news at the end of 2017, with an extremely promising outlook for 2018.

On Friday Dec. 15, the Investment Commission in Taiwan approved a deal for HTC to dispose of a large portion of its ODM smartphone assets to the IT giant Google, reports CNA.

The company is expected to net about US$1 billion in the deal over the first quarter of 2018, which will help to offset the losses incurred over the past two and a half years.

In response to the approval of the sale to Google, investors on Monday Dec. 18 jumped at the chance to purchase shares of the company, which will further increase the profitability of HTC moving forward in 2018.    [FULL  STORY]