Google Buys Part of HTC's Smartphone Team For $1.1 Billion (betanews.com)

BrianFagioli shares a report from BetaNews: Today, a deal finally happens, but Google didn't buy HTC outright. Strangely, as the deal is laid out, the search giant has seemingly bought HTC employees. Yes, for $1.1 billion, the search giant has sort of purchased human beings -- plus it gets access to some intellectual property. HTC gets a much-needed big influx of cash. "Google and HTC Corporation today announced a definitive agreement under which certain HTC employees -- many of whom are already working with Google to develop Pixel smartphones -- will join Google. HTC will receive $1.1 billion in cash from Google as part of the transaction. Separately, Google will receive a non-exclusive license for HTC intellectual property (IP). The agreement is a testament to the decade-long strategic relationship between HTC and Google around the development of premium smartphones," says HTC.

Comments

Check the teeth

[PopeRatzo]

What do you think, when Google bought the HTC employees, do you think they made them strip naked and then had an auction?

Tech workers, you have no idea how precarious your world is. You may think you're on top of the whole capitalism game, but when push comes to shove, you're going to get the shit end of the feudalism stick like everyone else who works for a living.