Google Buying HTC’s Pixel Team for $1.1 Billion
SEPTEMBER 20, 2017
HTC retains brand but lets part of their smartphone business go. Google has announced a $1.1 billion cooperation agreement under which certain HTC employees – many of whom are already working with Google to develop Pixel smartphones – will join Google. Leading into today’s news, shares of HTC were halted on the Taiwan Stock Exchange pending this Wednesday night announcement. According to the announcement, HTC will receive $1.1 Google VR & HTC.