HTC stock suspension adds fuel to Google acquisition rumors
HTC is to suspend trading of its stock on the TWSE tomorrow, in advance of what it suggests will be the launch of “material information” pertaining to its company. The news was claimed earlier by the FT.
The transfer has spiked speculation about a possible sale of HTC’s cellular division, with the Taiwanese machine maker struggling for yrs to attempt to turn close to its fortunes in the fiercely aggressive smartphone market.
In current yrs reduction-producing quarters have become the norm for HTC, which posted its initially ever reduction producing quarter in Q3 2013. And in spite of management changes, portfolio trimming and even pushing into a new product or service category (VR, by using a partnership with online games publisher Valve) it has been not able to pull its company out of a long slide.
Media stories in Asia have just lately connected Google’s guardian company Alphabet with a feasible acquisition of HTC’s cellular company. And a notice on HTC’s trader web site references speculation in the China Instances that “HTC might announce the sale to Google” — heading on to specify its “countermeasure” to this report is to state: “HTC does not remark on market rumor or speculation”.
If Google is indeed set to decide on up HTC’s smartphone division it would not be the initially time it’s swooped in to attempt to salvage 1 of its Android OEMs. The company acquired Motorola Mobility in 2011, shelling out $12.5BN on the invest in. Then in 2014 it bought the division to Lenovo for $2.91BN — keeping on to “the extensive the vast majority” of Motorola’s patent portfolio.
Smartphone leaker Evan Blass has tweeted that he’s been sent a copy of an interior HTC invite for staff to a town corridor conference tomorrow — which apparently includes “Google acquisition” as 1 of the subjects.
Blass suggests the exact same supply even further claims the deal that the two firms have finalized will see Google obtain “certain hardware engineering assets” from HTC, even though the latter retains its model — and will emphasis on VR and the Vive.
We’ve achieved out to Google for remark and will update this put up with any response.
Thanks for study our put up HTC stock suspension adds fuel to Google acquisition rumors