Google Buys the Pixel R&D Team from HTC for $1.1 Billion
Google will purchase a part of HTC’s team that worked on the Pixel and Pixel XL devices for the measly sum of $1.1 billion.
The Pixel line of devices have been a success for Google, and it’s clear that the company is moving forward in building its own phones, without the help of other businesses. As it stands right now, that might be difficult to achieve from scratch. They lack the manpower and expertise, but they do have a lot of money.
Everyone thought that Google would simply buy HTC when the phone maker announced yesterday that it’s halting all stock transactions. A takeover seemed imminent. It turns out that Google doesn’t really need the entire company, but only the people working for it.
It’s like buying your own sports team
Google decided to buy just the “Powered by HTC” team, which worked at the Pixel and Pixel 2 devices. It seems a little odd to buy just the people and not the company, although this is something that happens in sports … (read more)
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