Thursday, September 21, 2017

Google Actually Bought HTC Pixel Team, Not HTC as a Whole

   
   
The news making rounds since last week was Google's intention to buy HTC but the truth is Google is not actually buying the whole of HTC smartphone but they are buying HTC Pixel Team.

In other words, Google is buying some members of the HTC team that have worked on Pixel smartphones. Apparently, Google is convinced that they did an excellent job and can deliver on the next generation of Pixel devices.

The deal also gives Google access to HTC IP through Non-Exclusive Licensing Agreement. The deal should be completed by 2018 after regulatory approvals have been granted. An excerpt from HTC’s official statement:

Google and HTC Corporation today announced a definitive agreement under which certain HTC employees – many of whom are already working with Google to develop Pixel smartphones – will join Google. HTC will receive US$1.1 billion in cash from Google as part of the transaction. Separately, Google will receive a non-exclusive license for HTC intellectual property (IP).


So how is this benefiting both parties? HTC gets a whooping $1.1billion, which should boost their chances of getting out of the red, Google gets a hardware team, HTC fans don’t get to cry over the death of their favourite brand, and Pixel fans can expect more of that good stuff they’ve been swearing by since the first Pixel smartphone hit the market. source.
   
   
   
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14 comments:

  1. where will i see this phone to buy?

    ReplyDelete
  2. That kind money fid make man go gaga for this present economic recession.

    Anyways, thanks for getting us informed and educated

    ReplyDelete
    Replies
    1. We are out of recession

      Delete
  3. @paul asuquo wen I saw the money self ,I shouted

    ReplyDelete
  4. Google re making huge profit..I feel like working with them . thumbs up to them

    ReplyDelete
  5. wow big congrats to them, hoping they make the best of it working with the teams

    ReplyDelete
  6. joy maxwell which of the phone? HTC or Pixel smartphone

    ReplyDelete
  7. If that money enter Nigeria the recession that we are facing will still be there because the money will go one side it will not Circular

    ReplyDelete
  8. Money is not the problem of Nigeria, our political leaders that we have are our promblems

    ReplyDelete
  9. Think of all these money EFCC have recovered from lagos and other part of states in this great Nation, what have their be using those money for?

    ReplyDelete

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