- The Taiwan Stock Exchange announces plans to halt the trading of HTC (OTC:HTCKF, OTC:HTCXF) shares tomorrow due to “the release of material information”.
- The company was reportedly meeting with Google (GOOG, GOOGL) earlier this month to discuss either an outright sale or a divestment of the struggling smartphone business.
- HTC once dominated the smartphone market but has fallen to about a 2% market share.
- Previously: Google in final talks with HTC for smartphone unit? (Sept. 7)
- Update: Bloomberg confirms Google is close to purchasing HTC's mobile phone design operations for around $330M. Google would keep the HTC brand and about 100 of the company's engineers.