Google buys part of HTC, or more specifically the HTC team that worked with Google to create Pixel phones. Last year, HTC helped Google create the Pixel and Pixel Xl phones, while this year the company would have helped the company create the Pixel 2.
Google said it paid $ 1.1 billion to HTC for it. The deal came after HTC announced it should stop trading its shares on Wednesday.
In addition to acquiring a set of engineers and resources that HTC will dedicate to Pixel phones, Google will also acquire non-exclusive rights over an intellectual property of HTC. This apparently refers to technologies that are already on HTC phones and will probably end up on the Google Pixel phones.
An example will be the “squeezable frame” that HTC has inside the U11 and that Google would also have placed Pixel 2 and Pixel 2 XL. Then there are technologies such as BoomSound speakers and Ultrapixel cameras, which are common on HTC phones, but in the future can access the Google Pixel phones.
Interestingly, the deal does not mean that HTC will stop making phones. Although the company has informed the world of its agreement with Google, HTC also said it would continue to manufacture smartphones. In fact, he said that a new flagship phone – possibly based on upgraded hardware for the U11 smartphone – was up and running before the end of the year. In addition to phones, HTC is also heavily invested in making virtual reality helmets. This makes the VR Live Headphones and the company also continue to work.
As part of the deal, Google has signed an agreement with HTC, especially to produce more exciting products in the next 20 years or so. “This agreement reflects the long history of teamwork between HTC and Google,” said Rick Osterloh, senior vice president of Hardware, Google in a blog.
Commenting on the acquisition, Rick Osterloh said: “We are thrilled with the 2017 schedule, but even more inspired by what is in store for the next five, 10 and 20 years in consumer electronics that will further drive innovation of the products in the next years “.
With this agreement, Google will receive some HTC employees, many of whom are already working with Google to develop future Pixel smartphones. To remember, last year’s Pixel phones – Pixel and Pixel XL were HTC makers – and there is no doubt that the phones were perfect in almost every aspect, especially in the imaging department. Google is ready to announce last year’s successors Pixel phones aka Pixel 2, Pixel 2 XL October 4,
“In many ways, this agreement demonstrates the decade-long teamwork history between HTC and Google.” This agreement is a brilliant next step in our long standing partnership, allowing Google to overload its hardware activities, while ensuring continued innovation in our HTC smartphone and virtual VIVE business. “We believe that HTC is well positioned to maintain our rich legacy of innovation and realize the potential of connected products and services,” said Cher Wang, President and CEO of HTC.
With this agreement, Google has confirmed that a talented HTC team will join Google as part of its hardware department. “These future Googlers are incredible people with whom we already work closely in the range of Pixel smartphones, and we are delighted to see what we can do together as a single team.” The agreement also includes a non-exclusive license for HTC intellectual property, “says Rick Osterloh.
To remember, HTC and Google have several steps together in recent days. “We have made several first mobile companies, including the first Android smartphone, HTC Dream, also known as T-Mobile G1 (I loved it!), As well as the Nexus One in 2010, the Nexus 9 tablet in 2014 and the first smartphone Pixel the last year “.
HTC has been a longtime partner and has created some of the best high end devices in the market. We can not wait to welcome HTC team members to join us on this trip. ”
But by acquiring members of the HTC Pixel team, Google is essentially looking forward to expanding its hardware business, “the company said,” it’s still early in the Google hardware industry. ”
“We focus on creating our core capabilities while creating a portfolio of products that delivers people with a unique and delicious experience while being able to bring together the best