The official announcement of the deal between Google and HTC, whose details were revealed a little while ago. Google has announced that it will pay $ 1.1 billion to Taiwan-based HTC for the transfer of a team of engineers and talented employees who worked on the Pixel to work under the banner of the US company.
In addition to Pixel Team’s move, Google also said that this amount will enable the company to use HTC’s intellectual property rights and all patents on its next phones under an agreement between the two companies.
For its part, HTC announced that it will continue to manufacture smart phones and that it is already working on a new flagship phone will not be affected by the deal on the company’s plans and future in the smartphone market.
The Taiwanese company will certainly be happy with the deal as it will have some sort of rescue after it continued its decline in the last financial quarter.