Google is reportedly in the final stages of buying all or part of HTC. The smartphone maker is maker, HTC has been bleeding financially since 2011 and Google is said to to launching a takeover. It’s rumored that this acquisition by the tech giant is to boost production of their Pixel and Pixel 2 flagship phones
According to a report sited earlier this week, Google is already tapping HTCs expertise to make its Pixel and Pixel 2 phones, is apparently interested in HTC’s suffering mobile division, and reports say that the parties are in the final stage of negotiations for a Google takeover.
HTC is yet to confirm or deny this deal but other reports suggests that purchase could be done by the end of the year.
This is not the first time Google is said to have purchased a mobile phone manufacturer. Google in 2012 purchased Motorola for $12.5 billion.
At the time, we thought that it’ll help Google manufacture better Nexus devices, but Google never merged the Android and Motorola teams, choosing to treat Motorola just like any other Android device maker.The whole thing turned out to be a financial disaster for Google, which ended up selling Motorola to Lenovo only two years later, for less than $3 billion.