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Google to buy part of HTC's business for $1.1 billion

Google will buy part of Taiwanese hardware maker HTC Corp’s smartphone operations for about $1bn. The deal is expected to be closed in early 2018 after approval by financial regulators.

HTC did not disclose the details of the deal, noting only that the sale of smartphones under its own brand will continue.

In 2016, HTC sold 12.6 million smartphones, that is 24% less than in 2015.

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