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Google expands smartphone business in $1bn deal

Google expands smartphone business in $1bn deal

Technology
Google has bought part of Taiwanese technology company HTC in an effort to further expand its smartphone business.The Silicon Valley tech giant announced that it is spending $ 1.1bn (£820m) to acquire the team that developed its Pixel smartphone, released in 2016.About 2,000 employees, which represent half of HTC's existing smartphone development workforce, will move to Google as a result of the acquisition.The deal is a cash transaction and won't see Google take a stake in HTC, as had been speculated earlier in the week.Image:Google has previously outsourced the development of its Pixel smartphone range to HTCShares in HTC were suspended on Wednesday as rumours of an all-out buyout deal by Google's parent company Alphabet abounded.Google has been pushing its new Pixel phone as an increasi...