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HTC denies rumor that it will spin-off its VR business into a new company

Posted: , by Alan F.

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HTC denies rumor that it will spin-off its VR business into a new company
After HTC co-founder and CEO Cher Wang said that VR is HTC's new focus, there is speculation that the manufacturer is going to spin-off its VR business into a new independent company. The HTC Vive VR headset will be available for pre-orders starting February 29th and is expected to ship in April.

According to the report, HTC and Cher Wang will together own 100% of the VR company. It is not known how much of the new business will be retained by HTC, and how much its CEO will keep. The executive had said at CES earlier this month, that a separate company would be formed for HTC's VR business and that it could operate completely apart from the rest of HTC.

HTC has denied that the spin-off is in the works. In a press release, HTC said that it "will continue to develop our VR business to further maximize value for shareholders."

HTC's publicly traded shares have mirrored the company's struggles in the smartphone market. Peaking several years ago at the equivalent of  $37.18, the stock is currently trading at $2.28 USD. The HTC One M9 was not competitive in the flagship end of the smartphone market in 2015, and the company's sales declined 35% last year.

There is hope for HTC. The company is rumored to be producing two Nexus handsets this year. HTC was the manufacturer of the first product in the series, the Nexus One, back in 2010.

source: Digitimes

7 Comments
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posted on 19 Jan 2016, 03:10

1. Martineverest (Posts: 237; Member since: 27 Oct 2015)


Oculus we know

posted on 19 Jan 2016, 03:30 1

5. vincelongman (Posts: 4106; Member since: 10 Feb 2013)


*Valve

I dont trust Oculus/Facebook

posted on 19 Jan 2016, 05:02

6. hboy857 (Posts: 349; Member since: 03 Jun 2013)


Playstation VR FTW.

posted on 19 Jan 2016, 03:12

2. Martineverest (Posts: 237; Member since: 27 Oct 2015)


In Oculus we trust

posted on 19 Jan 2016, 03:12

3. Martineverest (Posts: 237; Member since: 27 Oct 2015)


In Oculus we trust

posted on 19 Jan 2016, 03:28 2

4. Reza.N (Posts: 76; Member since: 06 Sep 2015)


Oculus?lol..you can't compare these two things..Vive is much better

posted on 19 Jan 2016, 08:28 2

7. Dude2014 (Posts: 435; Member since: 12 Feb 2014)


Why anyone don't mention anything about valve?? If HTC is the hands that can creat awesome VR stuff, valve is the brain behind it. Valve > All when it comes to gaming.

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