Printed from http://www.electronista.com

Lenovo allegedly in discussions with HTC for possible acquisition

updated 10:52 am EDT, Wed October 9, 2013

Talks claimed to have started in August, could turn HTC around

Lenovo could be planning to take over troubled Taiwanese smartphone producer HTC in the future, according to rumors. The Chinese notebook manufacturer is said to have met with HTC in a secret meeting in late August about the potential acquisition, which could be beneficial to both sides if such a deal can be agreed upon by the two companies.

Taiwan's Apple Daily reports that Lenovo approached the manufacturer after HTC realised it was heading to its first ever quarterly loss since it went public. HTC recently revealed that the net loss of $101 million stemmed from reduced revenues of $1.6 billion for the quarter, a drop of $750 million from the previous quarter alone.

Lenovo, continuing to enjoy growing quarterly revenues and earnings, has previously revealed ambitions to extend its smartphone sales outside of China to the US and Europe, something which acquiring an existing phone manufacturer would help with. At the start of this year, it was also linked to a possible buyout of BlackBerry, though it did not proceed further than the initial talks.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, it's not exactly something most people put a lot of thought into. Printers are often touted as f ...

Moshi iVisor AG and XT for iPad Air 2

Have you ever tried to put in a screen protector that relies on static to cling to the screen? How many bubbles and wrinkles does it h ...

Epson PowerLite Home Cinema 3500 projector

Trying to find the perfect projector for a home theater can be tricky, as there are bountiful options on the market from a large numbe ...

Advertisement

toggle

Most Commented

 
toggle

Popular News