HTC: Merger with ASUS not in the cards

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Last week, Reuters reported that ASUS was interested in buying HTC, with Chairman Jonney Shih said to have made a comment signifying the same during a shareholder meeting. Although ASUS mentioned that a formal bid was yet to be made, HTC has also come out with a statement denying the claims:

We strongly deny the news. We didn't contact Asusteck and will not consider the acquisition. As an international brand, HTC will continue to design world-class innovative smart devices through its pursuit of brilliance brand promise.

While HTC isn't considering an acquisition, it is going through a bleak quarter that is projected to end in a net loss.

Source: HTC

Harish Jonnalagadda
Harish Jonnalagadda
Senior Editor - Asia

Harish Jonnalagadda is Android Central's Senior Editor of Asia. In his current role, he oversees the site's coverage of Chinese phone brands, networking products, and AV gear. He has been testing phones for over a decade, and has extensive experience in mobile hardware and the global semiconductor industry. Contact him on Twitter at @chunkynerd.