After so much of conspiracy in the market, the deal has been finally done google has finally acquired half of the HTC company employees. The interesting part of, this acquisition is that these employees, all of them, were involved in the smartphone research and development (R&D) section, more specifically Google has hired the team who developed the 2 smartphone giants, the pixel and pixel XL.
Google will pay $1.1 billion for the research and development division “Powered by HTC”, which largely consists of the aforementioned Pixel team. According to HTC CEO Peter Shen, this accounts for almost half of the staff of its research and development team, which currently employs around 4000 people. (According to AndroidPit Report)
This deal also includes a non-exclusive license of HTC companies intellectual property which means that from now Google can use the Technologies that were developed by HTC company.
The head of Google hardware division Mr. Rick Osterloh set in his official statement that this acquisition is the culmination of a very long collaboration of 10 years starting with the HTC company dream. In Osterloh’s words: “Our team’s goal is to offer the best Google experience across hardware, software, and services to people around the world”.