Taiwan’s HTC to sell part of its XR unit to Google for $250 million By Reuters


TAIPEI (Reuters) – Taiwan’s HTC said on Thursday it would sell part of its extended reality (XR) unit to Google (NASDAQ:) for $250 million, with some members of the Taiwanese company joining the U.S. company.

The transaction is expected to be completed in the first quarter of this year, HTC said.

© Reuters. FILE PHOTO: The Google logo is seen on a smartphone in front of the HTC logo displayed in this illustration taken September 21, 2017. REUTERS/Dado Ruvic/Illustration/File Photo

The two companies will also explore other future collaboration opportunities, HTC added.

“This agreement reinforces HTC’s continued development strategy around the XR ecosystem, enabling a more streamlined platform-focused product portfolio, greater operational efficiency and greater financial flexibility.”