Taiwan's HTC to sell part of XR unit to Google for $250 million By Reuters - The Legend of Hanuman

Taiwan’s HTC to sell part of XR unit to Google for $250 million By Reuters


TAIPEI (Reuters) – Taiwan’s HTC said on Thursday it will sell part of its extended reality (XR) unit to Google (NASDAQ:) for $250 million, with some members of the Taiwanese company joining the U.S. one.

The transaction is expected to close in the first quarter of this year, HTC said.

© Reuters. FILE PHOTO: The Google logo is seen on a smartphone in front of a displayed HTC logo in this illustration taken September 21, 2017. REUTERS/Dado Ruvic/Illustration/File Photo

The two companies will also explore further future collaboration opportunities, HTC added.

“This agreement reinforces HTC’s strategy of continued development around the XR ecosystem, enabling a more streamlined product portfolio with a focus on platforms, greater operational efficiency and financial flexibility.”




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