Google's $1.1 billion HTC acquisition deal has officially closed
- Author: Regina Walsh Feb 01, 2018,
Feb 01, 2018, 0:28
The two companies have announced the completion of the deal and the details appear to be the same as originally announced.
"With the official close of this deal, we're expanding our footprint in the Asia Pacific region", Rick Osterloh, senior vice president of Google's hardware operations, said in his blog.
For now, the obvious application for the influx of talent into Google would be on its Pixel smartphones, especially since the new Googlers are familiar with the devices.
"The agreement is a testament to the decade-long strategic relationship between HTC and Google around the development of premium smartphones", the joint statement said at the time.
Apple releases HomePod, available now from Apple.com
This is when Apple showed us that it moves more like a huge ship turning in the ocean instead of an agile one turning on a dime. Until we're able to test it further, there's no way to know whether HomePod's fantastic sound quality outweighs the downsides.
Osterloh brought in HTC engineers and designers to help Google control more of the design and production of its products, including working more closely with suppliers. The deal has now been confirmed by Google itself.
In addition to the transfer of 2,000 of HTC's best engineers, Google will also receive a non-exclusive license to the hardware manufacturer's intellectual property.
Acquiring the team will provide Google's hardware unit with a significant boost, now entering its third year, with the aim of becoming a leader in a number of areas including artificial intelligence. HTC claims it will continue to compete in the smartphone market, even with this huge of a staff cut.
We expect the Pixel 2 to be announced at an event in early October, and today Osterloh indicated the new smartphone wouldn't be alone. The employees will be joining the company's Taiwan division which Osterloh says is the "key innovation and engineering hub for Google".