Asus Tipped to be Interested in Buying HTC

by: - Last updated on: June 12th, 2015

HTC has been widely regarded as a ‘struggling’ company even from two years ago, and even now the company doesn’t seem to have found ‘its way’. As we were saying back in April, the company seems to be lost in the past, as it keeps pushing new devices that have a too familiar look.

asus htc acquisition

Now, a fresh report coming from business publication Reuters seems to be suggesting that Taiwanese company Asus could actually be interested in taking over the company. Of course, this is actually a bold statement, but that’s how these deals usually get born – from an idea, a hearsay or somebody’s hot beans spilled all over.

This time, it’s apparently Asus’ CEO Johnny Shih who made the comment in response to questions raised at its annual general meeting. The information has been supplied to Reuters by the Chief Financial Officer David Chang, a top-executive at the company, so this information is coming from the lances’ tip.

What in fact Asus said is that it has not ruled out the possibility of acquiring HTC. Here’s how Chang puts it:

Our chairman has chatted about the topic internally. Still, the chances of an actual takeover are not big as Asustek is a company that has depended on organic growth.

The most recent big acquisition in the smartphone market was when Lenovo acquired Motorola from Google (who acquired it back in 2011) and this has prompted the company to increase its presence with new products. And when you look at it, Asus is currently also in a position where it’s approaching carefully the phone market, but with some noteworthy devices, as as the ZenFone 2 with 4GB of RAM. So could it be considering to buy HTC to consolidate its presence? Only time will tell.

Source: Reuters
Photo Credits: WSJ

Tags

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Be the first to know when we have a special new article. Don't worry, NO spamming allowed.
Dismiss
Allow