Google is making another big buy into smartphone hardware — or at least the people responsible for creating it. The company has just confirmed that it plans to acquire part of HTC’s mobile division team for $1.1 billion. “These future fellow Googlers are amazing folks we’ve already been working with closely on the Pixel smartphone line, and we’re excited to see what we can do together as one team,” Rick Osterloh, Google’s hardware boss, wrote in a blog post. “The deal also includes a non-exclusive license for HTC intellectual property.”
Peter Shen, HTC’s chief financial officer, said that HTC would still employ more than 2,000 research and design staffers after the deal is done, down from around 4,000, according to the New York Times. That makes today’s announcement more of an acquihire of talent than a traditional acquisition of resources.
I think this is good move for them as Pixel is not selling very well for them they need to move into other things to stay competitive with Apple.