Taiwan's HTC to sell part of XR unit to Google for $250 million

1 month ago 15

TAIPEI (Reuters) - Taiwan's HTC said on Thursday it will sell part of its extended reality (XR) unit to Google (NASDAQ:) for $250 million, with some members of the Taiwanese company joining the U.S. one.

The transaction is expected to close in the first quarter of this year, HTC said.

© Reuters. The logo of Google is seen outside Google Bay View facilities during the Made by Google event in Mountain View, California, U.S. August 13, 2024. REUTERS/Manuel Orbegozo/File Photo

The two companies will also explore further future collaboration opportunities, HTC added.

"This agreement reinforces HTC's strategy of continued development around the XR ecosystem, enabling a more streamlined product portfolio with a focus on platforms, greater operational efficiency and financial flexibility."

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