Just $1.1 billion later. http://ift.tt/2xoGzJ8 After weeks (months, and years) of speculation, HTC has announced that its "Powered by HTC" R&D division -- the team behind Google's Pixel and Pixel XL smartphones -- will be purchased by Google for $1.1 billion in cash. According to HTC's CFO Peter Shen, this will mean about half -- yes, half -- of the 4,000 people in his company's R&D team will be joining Google, but he emphasized that HTC will continue developing its own range of smartphones, including its next flagship product. The agreement also grants Google a non-exclusive license for a large part of HTC's intellectual property. The deal is expected to be approved and closed by early 2018. Subscribe to Engadget on YouTube: http://engt.co/subscribe Get More Engadget: • Like us on Facebook: http://ift.tt/1k1iCZT • Follow us on Twitter: http://www.twitter.com/engadget • Follow us on Instagram: http://ift.tt/1k1iCZV • Add us on Snapchat: http://ift.tt/1UqS18a • Read more: http://www.engadget.com Engadget is the definitive guide to this connected life.
by Engadget via Endless Supplies .Biz - Brands
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