was originally published on this site
(Reuters) – Alphabet Inc’s (GOOGL.O) Google is close to acquiring assets of Taiwanese smartphone maker HTC Corp (2498.TW), Bloomberg reported, citing a person familiar with the matter.
The Taiwan stock exchange said on Wednesday that HTC shares will be halted from Sept. 21 on a pending news announcement. (bit.ly/2fjiJIL) (bloom.bg/2wxDCam)
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