Google close to buying smartphone maker HTC’s assets – Bloomberg

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(Reuters) – Alphabet Inc’s Google is close to acquiring assets of Taiwanese smartphone maker HTC Corp, Bloomberg reported, citing a person familiar with the matter.

The Taiwan stock exchange said on Wednesday that HTC shares will be halted from Sept. 21 on a pending news announcement.

Bloomberg reported last month that the smartphone maker was said to be exploring options that could range from spinning off its virtual reality business to selling itself. [nL4N1LA53Z]

Both HTC and Google declined to comment.

(Reporting by Munsif Vengattil; Editing by Anil D’Silva)

Reuters
Republished with permission from Reuters
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