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.