Google buy famous company in 1.1 billion dollars. The technical sector giant, Google, has acquired Taiwan HTC With the decision to buy its smartphone business for $ 1.1 billion. Both companies said in a statement that Google’s pixels in the periphery of the agreement are HTC, which works for smartphones.
Employees and intellectual property rights. However the number of employees has not been disclosed.
Google buy famous company in 1.1 billion dollars – India Virals
In the statement, “H.T.C. Google will get $ 1.1 billion in cash for this. Apart from this, Google has separate HTC. Will have non-specific licenses for intellectual property rights.”
With this agreement, H.T.C. Rationalizing their product portfolio, improving operational efficiency and financial flexibility. According to the statement, taking advantage of the experienced and qualified team of professionals, Google is offering HTC to its pixel smartphones.
Will have the right to access intellectual property rights. Google’s investment also indicates that Taiwan is important in terms of an innovative and technical center.