21 September 2017, India:
Alphabet Inc.’s Google is all set to acquire the talent from HTC that worked on Google Pixel phones for $1.1 billion in cash. The company is taking on some 2,000 employees with experience working on its signature Pixel devices, intended to showcase the best features of the Android software that now power the vast majority of the world’s smartphones. The deal also comes with a non-exclusive licensing agreement for HTC intellectual property as per the report by Bloomberg.
“For Google, this agreement further reinforces its commitment to smartphones and overall investment in its emerging hardware business,” the search giant said in a statement.
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Rick Osterloh, Senior Vice President, Hardware of Google said, “Our team’s goal is to offer the best Google experience—across hardware, software and services—to people around the world. Last fall, we introduced our first family of Made by Google products, including Pixel smartphones, Google Home, Google Wifi, Daydream View and Chromecast Ultra, and we’re preparing to unveil our second generation of products on October 4.”
He added, “We’re excited about the 2017 lineup, but even more inspired by what’s in store over the next five, 10, even 20 years. Creating beautiful products that people rely on every single day is a journey, and we are investing for the long run. 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.”
Meanwhile, HTC will continue onward with its own smartphone business even after sending a good portion of its talent and operations over to Google. HTC CEO Cher Wang said that this agreement will ”ensure continued innovation within our HTC smartphone and Vive virtual reality business.” In fact, HTC’s press release reveals that the company is already ‘actively preparing’ for its next flagship smartphone. (Image- VentureBeat)