Norbert Tumukunde's blog

Google Acquires HTC's intellectual property

On 22nd - September - 2017 Google and HTC  entered into an agreement where certain HTC employees will join Google. As part of the transaction, HTC will receive $1.1B USD in cash from Google. Google will also receive non-exclusive license for HTC’s intellectual property. HTC says many of the employees worked with Google to develop the Pixel smartphones.

This is seemingly part of the search giant’s new hardware strategy, which is why it ended up acquiring part of another smartphone maker despite having previously acquired and then divested itself of Motorola’s mobile business.

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