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HTC Rebuffs Idea of Asus Take-Over

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Jun 15, 2015, 7:14 AM by Eric M. Zeman

HTC is not interested in being acquired by Asus, said the company today. Last week, Asus' executive team suggested it was considering such a move, but hadn't made a final decision. "[HTC] has not made any contact with Asus regarding this matter," said HTC on its web site, "and it will not consider a merger with Asus. As an international brand, HTC will continue to design world-class innovative smart devices through its pursuit of brilliance brand promise." Asus is much larger than HTC, which has struggled in recent years to bounce back from sagging smartphone sales. HTC recently forecast a significant drop in profits for the current quarter. Its financial position leaves it susceptible to acquisition.

Reuters »

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