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Google said to be eyeing purchase of 'Pixel 2' manufacturer HTC's smartphone division to combat 'iPhone 8'

Reports are emerging from China that a deal that would result in Google taking a controlling interest in —or buying out completely —HTC's struggling smartphone business.




The Chinese-language Commerical Times was first to note the negotiations. The deal does not appear to be for the entirety of HTC. HTC's Vive division is a discrete entity, insulated from the smartphone division.

Earlier on Thursday, HTC posted its lowest revenue in over a decade. The company reported $99.7 million in earnings, a 51.5 percent drop as compared to July, and a decrease of 54.3 percent when compared to the year-ago month.

HTC's earnings for June and July were buoyed by the release of the U11 flagship phone —but the financial effect of the release appears to have only lasted for two months.

The deal seems remarkably similar on the surface to Google's $12.5 billion buy of Motorola that finalized in 2012, before it sold off the patent-stripped carcass to Lenovo for $2.91 billion in 2014.

Google and HTC are not strangers to each other. Google's rumored "Pixel 2" line of phones that will go head-to-head with Apple's fall releases are reportedly under construction by HTC now, and the Pixel and Pixel XL devices were manufactured by the company as well.