Lenovo has been the center of many rumored acquisitions recently including BlackBerry and Nokia and now a new report suggests that the Chinese company Lenovo and HTC have been in talks for a potential acquisition.
HTC has been on a downward spiral recently with it posting an operating loss of Taiwanese-$3.5 billion for the first time in its history the last quarter due to dwindling sales of its devices. The future does not seem too great for the Taiwanese maker.
According to the report, Lenovo and HTC have been in talks secretly since August. The report adds that Lenovo plans to acquire HTC’s brand, the same as they did with IBM’s ThinkPad brand. If the talks go through the buyout will be announced and concluded in the first half of 2014.
HTC has had similar problems to what BlackBerry and Nokia have gone through that is they haven’t been able to match the increasing might of Samsung and Apple. They have been facing internal company problems as well with several top executives leaving the company. While Lenovo is a very strong smartphone player in China and they are now the largest PC maker in the world overtaking HP recently so if the acquisition goes through then i believe that would be a great thing considering HTC devices have always ben great and its still ahead of Samsung when it comes to designing phones and with Lenovo on the rise, the HTC we love will be in trusted hands.