Google acquires HTC’s Pixel team for $1.1bn

Alphabet-owned Google has moved to bring its smartphone hardware in-house with the acquisition of HTC’s Pixel smartphone team for $1.1bn, a move which signals fresh aggression in Google’s own smartphone and virtual reality ambitions in the wake of HTC’s flagging sales.
The package cements ties between the internet firm and the Taiwanese smartphone maker, with Google also assuming non-exclusive rights to HTC intellectual property.
Cher Wang, chairwoman and CEO at HTC commented: