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

Sponsor

Recent Reviews

Adesso Xtream S3B Bluetooth speaker

Finding a speaker purpose-built for a specific need is challenging. Even when a Bluetooth speaker can be paired with a mobile device, ...

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News