HTC turns its Vive VR business into a separate subsidiary

HTC has decided to take its most valuable asset, the Vive VR headset and the budding ecosystem developing around it, and turn it into a separate business. Reports earlier this week indicated that HTC was spinning off the Vive, but the company has now clarified for The Verge that it is only establishing a wholly-owned subsidiary, which it is calling HTC Vive Tech Corporation. HTC’s statement in full:HTC can confirm that it has established a wholly-owned subsidiary, HTC Vive Tech Corporation