Google buys part of HTC XR business for $1.8 billion

    On January 23, HTC announced that it had signed an agreement with Google LLC, Google will pay HTC $250 million (roughly Rs 1.8 billion) for the deal, and some of HTC's XR R&D team members will join Google, with the deal expected to close in the first quarter of 2025.The deal is expected to be completed in the first quarter of 2025, HTC said. In this agreement, HTC's XR intellectual property non-exclusive license (IP) will be granted to Google to use , helping Google to develop the Android XR platform. 2017, Google had acquired part of HTC's cell phone business for $ 1.1 billion, and then HTC focuses on the virtual reality business, such as VR devices, and now Google will be part of the XR part of the business under the banner.

    HTC said that this agreement will further strengthen the company's strategy for continued growth in the XR ecosystem, building the VIVE brand, realizing a more streamlined product portfolio, and focusing on future platforms, greater operational efficiencies, and long-term planning and development of financial flexibility.HTC will continue to invest in the development of technology products such as the VIVE XR Omni-Solution in the future, and at the same time, HTC will continue to build the In the future, HTC will continue to invest in the development of technology products such as the VIVE XR Total Solution, and at the same time, HTC will continue to build the virtual reality ecosystem, expand the VIVE footprint, and continue to invest in the innovations and opportunities brought about by Artificial Intelligence and the Metaverse.