TechCrunch: Google completes its $1.1B deal to buy a chunk of HTC’s smartphone division

TechCrunch: Google completes its $1.1B deal to buy a chunk of HTC’s smartphone division. “Google has announced the completion of its $1.1 billion deal to buy a large slice of HTC’s hardware business. The acquisition was announced back in September 2017 but now it has passed the requisite approvals and is finalized. Beyond the transfer of over 2,000 engineers from HTC — that’s around one-fifth of HTC’s engineering team — Google will also receive a non-exclusive license for HTC’s intellectual property. HTC is retaining its Vive VR division and it will continue to make its own smartphones, the company confirmed last year.”

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