Google close to buying smartphone maker HTC's assets

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Google close to buying smartphone maker HTC's assets

Google is close to acquiring assets of Taiwanese smartphone maker HTC Corp, Bloomberg reported, citing a person familiar with the matter.

The Taiwan stock exchange said on Wednesday that HTC shares would be halted from 21 September pending a news announcement. 

Bloomberg reported last month that the smartphone maker was said to be exploring options that could range from spinning off its virtual reality business to selling itself. 

Both HTC and Google declined to comment.

Reporting by Munsif Vengattil. Editing by Anil D'Silva

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