Google Scoops Up Htc's Pixel Team For $1.1 Billion

The rumors were true! Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google is essentially acqui-hiring a large number of employees from Taiwanese smartphone maker HTC. The two companies announced the $1.1 billion deal late last night, whereby roughly 2,000 HTC employees will join Google and the search giant will also obtain a non-exclusive license to HTC's patent portfolio.

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