HTC Sells XR Unit to Google for $250 Million
Taiwan's HTC has announced the sale of a portion of its extended reality (XR) unit to Google for $250 million. The transaction, expected to close in Q1 2023, will involve HTC employees joining Google's US operations.
The agreement aligns with HTC's strategy to enhance its XR ecosystem, streamlining its portfolio towards platforms, improving efficiency, and increasing financial flexibility. HTC and Google will also explore future collaboration opportunities.