HTC has temporarily suspended trading of its shares ahead of a “huge announcement” on Thursday, September 21, sending the internet into a frenzy as rumors of a Google acquisition start to circulate again.
Alphabet-owned Google will acquire HTC’s smartphone business, says reliable tipster Evan Blass, adding that the firm will continue to operate, turning all of its attention to its Vive VR headset.
If the rumors turn out to be true, it won’t be the first time Google has purchased a smartphone manufacturer. Back in 2011, Big G acquired Motorola for $12.5 billion, only to later sell it to Lenovo.
It’s unclear why Google would want to throw a lifeline to HTC, which has witnessed its smartphone division dissipate in recent years; the chiefs at Alphabet must think they can turn it around somehow.
A HTC-built line of budget-friendly, mid-range and high-end Pixel smartphones should do the trick.