Home  ›  News  ›

HTC Halts Trading Shares Ahead of Major Announcement

Article Comments  

Sep 20, 2017, 7:27 AM   by Eric M. Zeman   @zeman_e

HTC will cease trading shares of its stock in anticipation of a significant announcement to be made tomorrow. The news was first revealed by the Taiwan Stock Exchange, which said "shares of HTC Corporation ... will be halted starting from Sept. 21, 2017 pending the release of material information." HTC confirmed the halt in share trading, but did not provide a reason behind the action. Earlier this month, Bloomberg suggested that Google might acquire HTC, or a portion thereof. It is possible that HTC plans to announce a takeover by Google during the announcement, which is being made town-hall style at its Taipei headquarters. The company's response to the Taiwan Stock Exchange alert read, "HTC does not comment on market rumor or speculation." HTC, once a dominant maker of Android handsets, has been fading for years in the face of competition from Samsung, LG, Huawei, ZTE, and others. The company's financial health has been in question many times due to weak sales. HTC never stopped making compelling smartphones, such as the One series, the U11, and Pixel devices for Google. Google may want to bring HTC's handset division under its wing for future Pixel smartphones.

Related

more news about:

HTC
Google
Android
 

AD

Comments

This forum is closed.

This forum is closed.

No messages

 
 
Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Subscribe to Phone Scoop on YouTube Follow on Instagram

 

All content Copyright 2001-2019 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.