Simply put, Taiwanese device manufacturer HTC is not doing well. In the past week, it announced its revenue was going to take a 30% hit compared to its predictions and as a result, 20% of its share price was wiped out. With this in mind, it’s no surprise to hear murmurs of other technology players eyeing HTC as an acquisition, the latest of which concerns the ASUS (Asustek) Chairman, Johnny Shih, speaking about the possibility of ASUS acquiring HTC at the ASUS annual general meeting. ASUS is a global manufacturer of smartphones, tablets, laptops and plenty more, however their smartphone division lacks true global reputation, unlike HTC’s devices – in this way, ASUS acquiring HTC would make a whole lot of sense.
However, speaking with Reuters, ASUS CFO David Chang said that while the idea has been floated within the company, the actual chance of this happening is “not big as Asustek is a company that has depended on organic growth.” Even so, we’ll be keeping an eye out in case something does happen in this space as we have a feeling it would definitely change the landscape of the smartphone market.
What do you think about ASUS acquiring HTC? Let us know your thoughts in the comments below.
Source: Reuters via Phone Arena
