Google Strikes Deal With HTC for Staff and Intellectual Property
Late yesterday it was announced that Google had signed an agreement with HTC for staff and intellectual property for $1.1 Billion. The agreement means that, essentially, the HTC staff that have worked on the Google Pixel phones will become Google employees and the Mountain View company will be able to license the Taiwanese company’s IP, non-exclusively.
This is slightly different than what was expected early yesterday when it was assumed that Google would be buying HTC outright.
With this agreement, a team of HTC talent will join Google as part of the hardware organization. These future fellow Googlers are amazing folks we’ve already been working with closely on the Pixel smartphone line, and we’re excited to see what we can do together as one team. The deal also includes a non-exclusive license for HTC intellectual property.
The deal means that HTC will remain in the smartphone business as a manufacture and is expected to release their own flagship early next year. But as for work with the Mountain View company, it appears that work is over as it is now in-house for the search giant.