Google and HTC Announce US$1.1 Billion Cooperation Agreement

Google buys HTC's Pixel staff and other important assets for about $ 1.1 billion
It has been speculated for a while that Google will buy the Taiwan mobile manufacturer HTC, which has been having a tough financially recently.

And now the rumor has been celebrated. At least in part. The Financial Times reports that Google pays $ 1.1 billion to take over 2,000 employees from HTC, mostly employed with Google's Pixel phone. In addition, the companies have signed a non-exclusive license agreement for HTC's intangible assets. It's about assets for Google to continue the developing of the Pixel

SOURCE: http://www.htc.com/us/about/newsroom/2017/2017-09-21-htc-google/