Google Acquires HTC's Pixel Division2017-09-21 16:33 by Daniela
Tags: HTC, Pixel
Google has struck a long rumored deal with HTC. However the search giant hasn't bought the phone maker. Instead, it has paid $1.1 billion to HTC to acquire the team behind its Pixel devices. They'll leave HTC and join Google's ranks.
Google will also receive a non-exclusive license to some HTC intellectual property, the companies said Thursday. HTC will still be a separate company, even after the agreement between it and Google closes in early 2018. The phone-maker will continue to have its own staff as well.
"A team of HTC talent will join Google as part of the hardware organization," Google hardware SVP (and former Motorola president) Rick Osterloh said Thursday.
"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."
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