Asus is considering to acquire HTC

Asus is considering to acquire HTC

asus logo
HTC logo
Recently after a huge decline of almost 50 percent sicne the HTC One M9 launch in HTC’s stock, today Taiwan’s Asustek Computer Inc said it has not ruled out the possibility of acquiring struggling smartphone maker HTC Corp.
Chairman Johnny Shih of Asustek, one of the world’s biggest makers of laptop personal computers and smartphones, made the comment in response to questions raised at its annual general meeting, Chief Financial Officer David Chang told Reuters.

“Our chairman has chatted about the topic internally,” said Chang. “Still, the chances of an actual takeover are not big as Asustek is a company that has depended on organic growth.”

HTC’s market value is a little over $2 billion USD now. In 2011, the company was worth $33.8 billion USD. If Asus is interested in HTC, now would seem like a good time for it to make a bid.

Source

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A B.Tech degree holder with more than 5 years of experience on Embedded Systems design domain. He has worked on Aerospace domain, NAND storage, Server storage and Wireless networking.

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