Google Officially Closes HTC Deal Of $1.1 Billion

In September 2017, Google had officially closed a $1.1 billion deal with the Taiwanese OEM HTC Corp. to acquire most of HTC’s smartphone design division.

Back then, Rick Osterloh, Google’s Senior Vice President for Hardware in a blog post had said, “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. 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.”

Fast forward to January 2018, Osterloh has officially confirmed the completion of the $1.1 billion deal with HTC in a blog post. “I’m delighted that we’ve officially closed our deal with HTC, and are welcoming an incredibly talented team to work on even better and more innovative products in the years to come,” he said.

He added, “These new colleagues bring decades of experience achieving a series of “firsts” particularly in the smartphone industry—including bringing to market the first 3G smartphone in 2005, the first touch-centric phone in 2007, and the first all-metal unibody phone in 2013. This is also the same team we’ve been working closely with on the development of the Pixel and Pixel 2.”

The deal involves Google acquiring more than 2,000 HTC engineers who will be joining the company’s Taiwan division, which Osterloh says is the “key innovation and engineering hub for Google.” The search giant has also acquired non-exclusive licenses to HTC’s intellectual property. Also, the expansion will make the Taipei-based unit grow its footprint in the Asia Pacific region.

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