Thursday, 21 September 2017

HTC shares suspended on Google takeover rumours

Shares in the Taiwanese smartphone firm HTC will be suspended from trading on Thursday amid rumours Google's parent Alphabet is planning a takeover.

The company issued a statement in response to a report in the China Times, and a request from the Taiwanese Stock Exchange.

It said it "does not comment on market rumour or speculation".

HTC was once a major player in the smartphone market but has struggled to compete with Apple and Samsung.

Last month there was speculation that HTC was planning to sell its virtual reality unit, Vive, or even the whole company.
Five years ago, HTC was the world's fourth bestselling smartphone maker with a market share of about 9%.

Its share is now less than 1%.

Some analysts have questioned why Alphabet would be interested in buying another mobile phone maker.

BBC    News.

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