Tag: Deal 1.1 billion

September 21, 2017 0

Cooperation agreement between Google & HTC for $1.1 Billion

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Google Buys HTC Pixels team for 1.1 billion. HTC to retain HTC U series and Vive. The deal, which is expected to close by the beginning of next year pending regulatory approval, stipulates that HTC will receive $1.1 billion in cash from Google. About 2,000 HTC employees, many of whom had been working on the Pixel smartphone, will get offers to join Google. In addition, Google will enter a non-exclusive licensing agreement for HTC intellectual property. The deal will help Google build its new hardware strategy after years of partnering with companies like HTC and Motorola Mobility (which it bought for $12.5 billion in 2011) to develop devices.