Google completes its $1.1 billion HTC deal

Google’s billion-dollar deal to acquire a part of HTC (along with a non-exclusive license for its intellectual property) is done.

“Google’s billion-dollar deal to acquire a part of HTC (along with a non-exclusive license for its intellectual property) is done. The two companies announced its completion tonight, and the details appear to be the same as originally announced. While the team behind the Pixel phones is joining Google, HTC says it will continue to make mobile devices under its own brand name while using Vive products to compete in VR. It won’t stop there either, as the company says it will pursue innovations in AR, AI and IoT technology.”

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