By  on September 21, 2017

Google has announced its $1.1 billion partnership with leading consumer electronics company, HTC. The transaction, pending approvals and customary closing conditions is anticipated to be completed by early 2018. The move comes right before Google is to unveil its second generation of products on October 4, suggesting that it will aim to invest further and broaden its offerings of products.

“Creating beautiful products that people rely on every single day is a journey, and we are investing for the long run,” said Rick Osterloh, senior vice president of hardware at Google, in a statement regarding the deal. “That’s why we’ve signed an agreement with HTC, a leader in consumer electronics that will fuel even more product innovation in the years ahead. With this agreement, a team of HTC talent will join Google as part of the hardware organization.”

To continue reading this article...

load comments
blog comments powered by Disqus