Google has announced it is acquiring part of HTC’s smartphone business for $1.1 billion. By taking over the division that develops Pixel smartphones, Google will gain 2,000 HTC employees including half its research and development team, roughly equivalent to a fifth of HTC’s total workforce.
Even though Google is not acquiring HTC’s manufacturing assets, the move does illustrate the company’s push to become more innovative in order to compete against Apple and Samsung. The following infographic shows where the partial HTC purchase ranks on the list of Google’s largest acquisitions. Google will be hoping to avoid repeating the mistake of buying Motorola mobility for $12.5 billion before being forced to sell it off to Lenova for $3 billion just two years later.
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Motorola Mobile was the most expensive acquisition by the internet company.
Acquired in January 2014, smart thermostat creator Nest Labs is ranked as Google’s second most expensive acquisition at 3.2 billion U.S. dollars.
As of May 2017, Google/Alphabet ranks second among worldwide internet companies, with a market capitalization of 680 billion U.S. dollars. While e-commerce company Amazon’s market value was 476 billion U.S. dollars.
You will find more statistics at Statista
by Niall McCarthy
