|Bid||70.00 x 0|
|Ask||70.10 x 0|
|Day's range||69.80 - 71.10|
|52-week range||59.70 - 95.90|
|PE ratio (TTM)||-6.49|
|Earnings date||23 Oct 2017 - 27 Oct 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||68.04|
Google has bought part of Taiwanese technology company HTC (Shenzhen: 200771.SZ - news) in an effort to further expand its smartphone business. The Silicon Valley tech giant announced that it is spending $1.1bn (£820m) to acquire the team that developed its Pixel smartphone, released in 2016. About 2,000 employees, which represent half of HTC's existing smartphone development workforce, will move to Google as a result of the acquisition.
Smartphone manufacturer HTC (Shenzhen: 200771.SZ - news) is halting trading of its shares from Thursday as rumours suggest it is about to be acquired by Google. The Taiwanese company, which is traded on the Taiwanese Stock Exchange (TWSE), once dominated the smartphone market but now retains only a 2% market share. Reports suggest that an acquisition by Google's parent company Alphabet (Xetra: ABEA.DE - news) could be on the cards for HTC.