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Google may acquire HTC's ailing smartphone business: Chinese media reports

The news led to HTC posting its lowest revenue in over a decade on Thursday

IANS  |  Beijing/San Francisco 

Google HTC deal

is reportedly considering to acquire the struggling Taiwanese maker HTC's phone business, media reported.

According to a report in the Chinese publication Commercial Times, is considering two options to seal the deal with that is reportedly building Google's "2" line of smartphones.

is reportedly planning to "either become a strategic partner, or outright buy the entire unit", reported on Friday citing Commercial Times.

However, HTC's virtual reality business (Vive) would not be part of the deal.

The news led to posting its lowest revenue in over a decade on Thursday.

HTC, now in a bad financial health, was once very popular in the US but has not done well for quite some time even after launching flagship devices.

The and XL devices were also manufactured by

Both and have declined to comment on the report.

If the deal materialises, it would be second such after Google's $12.5 billion buyout of Motorola in 2012.

The search giant later sold it off to Lenovo for $2.91 billion in 2014.

In July, unveiled its premium flagship U11 in India at Rs 51,990 which is touted to have the highest-rated camera in the world.

First Published: Fri, September 08 2017. 10:30 IST