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Alphabet Deal Talks Mount as HTC Suspends Shares

 1 min read / 

Google’s parent is said to be interested in buying the struggling Taiwanese device maker’s handset division.#

Editor’s Remarks: The rumours of an acquisition by Alphabet have been circling in Taiwan for a while and HTC’s stock suspension, related to the release of “material information”, seems to suggest a deal is in the offing. The Taiwanese manufacturer, which has a $2bn market capitalisation, has suffered from increased competition, especially from China in the mid-end smartphone space. Its own brand devices’ global market share has fallen from 9% in 2011 to less than 1% now. HTC manufactures Google’s Pixel smartphone, so Alphabet may be looking at bringing this in-house so it can develop its Android device capability. And HTC is moving on – Taiwanese electronic manufacturers have an innate talent for retooling and moving onto the next hot product, and HTC is already making waves with its highly rated Vive Virtual Reality headset.

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