Taiwan's HTC to sell part of XR unit to Google for $250 mln (updated)

HTC

23/01/2025 02:48

(Rewrites, adds details)
       TAIPEI, Jan 23 (Reuters) - Taiwan's HTC  2498.TW  said
on Thursday it will sell part of its extended reality (XR) unit
to Google  GOOGL.O  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." 

 (Reporting by Lee Wen-Yee and Ben Blanchard; Editing by
Jacqueline Wong)
 ((ben.blanchard@thomsonreuters.com;))