Could the acquisition of HTC provide Alphabet with the resources to compete at the top of the smartphone market?
After mounting speculation, a $1.1 billion deal has been struck by Google to acquire a section of the HTC smartphone division.
The plan is that Google will not take a share in the company, while members of staff from the newly bought division will be moving to Silicon Valley.
Google has shared a forecast that the deal will be concluded at the beginning of 2018.
Yesterday, HTC announced that it would be suspending shares in the company, fueling existing rumours of the potential deal that has now come to fruition.
September has seen increasingly growing speculation of a deal, with theories that Google could acquire the VR component, or even the entire company.