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HTC says it won't be acquired by TCL, will remain an independent business entity for the time being

Posted: , posted by Peter K.

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HTC says it won't be acquired by TCL, will remain an independent business entity for the time being
Amidst HTC's recent product announcements – of course, we are talking about the HTC Desire EYE and the HTC RE camera – rumors arose that the Taiwan-based smartphone maker might get acquired by China-based TCL. This was deduced by a blog post from TCL's chairman, Li Dongsheng, who expressed his admiration for the manufacturer, compared the CEO with Steve Jobs, and also said that he's keeping his fingers crossed for HTC's comeback on the market. Many regarded this as a hint for a possible acquisition by TCL, which had previously got hold of another handset manufacturer, Alcatel.

However, the rumors for such an acquisition or a joint partnership have been denied. Despite the potential benefits for both parties, HTC revealed that it intends to remain an independent company for the time being and maximize the profits for its shareholders, while TCL kept mum on the subject.

However, we can't help thinking that such a buyout will be extremely beneficial for HTC in particular, which has been experiencing some tough times over the past few fiscal periods. To be honest, it's latest financial report is not a bad one, but it's the exception that proves the rule – HTC needs to get on firm ground.

source: ithome (translated) via GSMDome

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