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Last Updated Thursday September 21 2017 12:31 PM IST

Google may soon buy HTC, say reports

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Google may soon buy HTC Google may soon buy HTC: Photo | Getty Images

Beijing/San Francisco: Google is reportedly considering to acquire the struggling Taiwanese smartphone maker HTC's phone business, media reported.

According to a report in the Chinese publication Commercial Times, Google is considering two options to seal the deal with HTC that is reportedly building Google's 'Pixel 2' line of smartphones.

Google is reportedly planning to 'either become a strategic partner, or outright buy the entire smartphone unit', phonearena.com reported on Friday citing Commercial Times.

However, HTC's virtual reality business (HTC Vive) would not be part of the deal.

The news led to HTC posting its lowest revenue in over a decade on Thursday.

HTC, now in a bad financial health, was once very popular in the US but has not done well for quite some time even after launching flagship devices.

The Google Pixel and Pixel XL devices were also manufactured by HTC.

Both Google and HTC have declined to comment on the report.

If the deal materialises, it would be second such acquisition after Google's $12.5 billion buyout of Motorola in 2012.

The search giant later sold it off to Lenovo for $2.91 billion in 2014.

In July, HTC unveiled its premium flagship smartphone HTC U11 in India at Rs 51,990 which is touted to have the highest-rated smartphone camera in the world.

Read more at; Latest in business | OYO raises $250mn in fresh round of funding

The opinions expressed here do not reflect those of Malayala Manorama. Legal action under the IT Act will be taken against those making derogatory and obscene statements.

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