After the Moto Mess, Why Would Google Buy HTC?
Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google is reportedly interested in buying Taiwanese tech company HTC's struggling handset business, according to a recent report in the Commercial Times. Google reportedly doesn't plan to buy the entire company, which will continue developing virtual reality products like the Vive.
The report claims that the deal could be closed by the end of the year. However, I think investors should take this rumor with a grain of salt since it doesn't make much sense after Google's disastrous acquisition of Motorola's handset business.
HTC's U11 flagship phone. Source: HTC.
Source: Fool.com
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