Alphabet Inc’s Google is established to announce a deal to obtain component of Taiwanese business HTC Corp’s smartphone operations for about US$1 billion, a supply with immediate expertise of the issue stated on Thursday.
TAIPEI: Alphabet Inc’s Google will obtain component of Taiwanese smartphone maker HTC’s smartphone operations for US$1.1 billion, the providers stated in a joint assertion on Thursday.
Below the deal, Google will obtain a workforce of people who acquire Pixel smartphones for the U.S. business and get a non-unique license for the Taiwanese firm’s intellectual property.
The transaction, which is subject to regulatory approvals, is envisioned to close by early 2018.
(Reporting by Jess Macy Yu Producing by Lee Chyen Yee Enhancing by Edwina Gibbs)
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