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Bloomberg: HTC planning sale of company or VR business

Aug. 24, 2017 1:00 PM ETHTC Corporation (HTCKF) StockHTCKF, META, HTCXFBy: Brandy Betz, SA News Editor8 Comments
  • HTC (OTC:HTCKF, OTC:HTCXF) plans to sell all or part of its business as the company fails to keep up with smartphone rivals Apple and Samsung, according to Bloomberg.
  • The company has hired an adviser to help court and choose a strategic investor.
  • HTC could sell its VR business, which produces the tethered HTC Vive headset that competes with Facebook’s (NASDAQ:FB) Oculus Rift. 
  • The Vive's price was recently dropped to make it more comparable to the Rift but Facebook reportedly plans to release an untethered $200 headset next year that could change the industry.
  • HTC’s market value has fallen 75% in the last five years and the once dominant player now only holds on to about 2% of the smartphone market. 
  • No deals are finalized and HTC could decide to scrap these ideas and continue to go it alone.    
  • Previously: Apple, Google help HTC's VR business move forward (June 28)

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