HTC negotiates with Google for selling its smartphone business

- Adrian Ungureanu

The smartphone business is a money pit for HTC and we noted in the past few weeks about HTC considering selling either the entire company or parts of it.

The latest reports from China claim that Google might come to rescue. The two companies are in the final stages of the negotiations and there are two possibilities: either Google becomes a strategic partner for HTC, either they buy the smartphone business. It seems that the Vive VR division is out of any discussions.

Anyway, its good news for HTC which is haunted by the ghost of bankruptcy for a few years now. They market value has dropped drastically, HTC shares value plummeting 75% in the past 5 years.