- Jan 31, 2005
- Reaction score
http://www.bbc.com/news/business-41343586Alphabet's Google has struck a $1.1bn (£822m) deal with Taiwan's HTC to expand its smartphone business.
Google will not take a stake in the firm, but some HTC staff will join the Silicon Valley giant.
The Taiwanese company was once a major player in the smartphone market but has struggled to compete with the likes of Apple and Samsung.
Google expects the deal to close by early 2018, provided it gets the all clear from regulators.
Shares in HTC were suspended in Taiwan on Thursday.
Official Google blog post.