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

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.

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."