Google Acquiring Part of HTC for $1.1 Billion Dylan Duarte September 21, 2017 News Way back in August of 2011, just over six years ago, Google bought out Motorola Mobility for $12.5 billion. Now history is repeating itself and Google is once again diving headfirst into the smartphone manufacturing market by acquiring a significant chunk of HTC‘s mobile division for $1.1 billion. “These future fellow Googlers are amazing folks we’ve already been working with closely on the Pixel smartphone line, and we’re excited to see what we can do together as one team.” Google SVP of hardware Rick Osterloh is referring to the almost 2,000 HTC employs that will be jumping ship to Google. Despite the loss in numbers, this still leaves HTC with just over 2,000 employees, and the company will continue to take part in the smartphone business, with their next flagship phone supposedly already on the way. Google famously dumped Motorola just a few years after acquiring them, selling them to Lenovo for considerably less than they had bought them for. Time will tell if this deal will suffer the same fate, but a $12.5 billion deal is a lot easier to regret than a $1.1 billion deal. Share This With The World!
