Google Signs $1.1 Billion Agreement to Acquire HTC's Pixel R&D Team

Google Signs $1.1 Billion Agreement to Acquire HTC's Pixel R&D Team

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Google has signed a $1.1 billion agreement to acquire the HTC R&D team that worked on the Pixel and a non-exclusive license for HTC intellectual property.

We’ve signed an agreement with HTC, a leader in consumer electronics, that will fuel even more product innovation in the years ahead. With this agreement, a team of HTC talent will join Google as part of the hardware organization. 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. The deal also includes a non-exclusive license for HTC intellectual property.

The company says, "In many ways, this agreement is a testament to the decade-long history of teamwork between HTC and Google. Together, we’ve achieved several mobile-industry firsts, including the first ever Android smartphone, the HTC Dream, also known as the T-Mobile G1 (I loved mine!); as well as the Nexus One in 2010, the Nexus 9 tablet in 2014, and the first Pixel smartphone just last year."

"It’s still early days for Google’s hardware business. We’re focused on building our core capabilities, while creating a portfolio of products that offers people a unique yet delightful experience only made possible by bringing together the best of Google software—like the Google Assistant—with thoughtfully designed hardware. HTC has been a longtime partner and has created some of the most beautiful, high-end devices on the market. We can't wait to welcome members of the HTC team to join us on this journey."

According to CNBC, the Taiwan Stock Exchange halted HTC's stock, starting Sept. 21 local time, pending the release of "material information."

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Google Signs $1.1 Billion Agreement to Acquire HTC's Pixel R&D Team
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