HTC

Lenovo looking to acquire HTC, talks have been going on since August

Lenovo looking to acquire HTC, talks have been going on since August
Lenovo might be negotiating a huge acquisition, that of HTC. Struggling Taiwanese phone maker HTC has posted its first quarterly loss as it loses grip on the market, and frankly there couldn’t be a better time for such a deal. Keep in mind that this is only a rumor, based on alleged meetings between top level Lenovo and HTC executives that have taken place in Taiwan in August. There is no final decision yet, and it could take a few months until the deal passes (if it does) in the first half of 2014.

Lenovo is allegedly discussing taking over the HTC brand, much like it did with IBM’s ThinkPad laptops when it acquired the unit. This means that we’ll still have HTC smartphones, just this time - manufactured under Lenovo’s caring wings. Other terms of the detail have not been disclosed.

The deal sounds like a very right fit. Lenovo is one of the largest phone makers in China, but does not reach Western markets in the way HTC does, nor does it have the carrier connections. Lenovo is now also the largest PC and notebook seller globally, having surpassed HP, so the business for the Chinese company is growing fast.

source: AppleDaily Taiwan via Android Beat

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46 Comments

1. itsdeepak4u2000

Posts: 3718; Member since: Nov 03, 2012

Great, if this rumor is correct then HTC is going in safe hands. Price devices properly then.

13. cezarepc

Posts: 718; Member since: Nov 23, 2012

True. Lenovo acquired IBM's PC business and since then they've been marching forward steadily. HTC already produces great products, just give them more funds and they'll stay profitable.

21. oister85

Posts: 507; Member since: Apr 27, 2012

Yeah but it won't be htc branding anymore right?

29. lsutigers

Posts: 832; Member since: Mar 08, 2009

read the article. It specifically says Lenovo will likely keep the HTC name the same way they kept the IBM Thinkpad name.

41. cezarepc

Posts: 718; Member since: Nov 23, 2012

Yep. Why waste the brand HTC built?

42. belovedson

Posts: 1060; Member since: Nov 30, 2010

Lenovo since acquiring IBM has killed the image of quality. The think pad series is an ok series of laptops

43. cezarepc

Posts: 718; Member since: Nov 23, 2012

Consider the price man.

33. JC557

Posts: 1917; Member since: Dec 07, 2011

I won't mind a ThinkPhone (or whatever) with BoomSound speakers just as long as Lenovo won't use cheap low end chips in their premium devices like they do with their mainland phones.

2. mr.techdude

Posts: 571; Member since: Nov 19, 2012

I hope lenovo doesn't mess htc's famous designs and HTC sense other then that I'm happy to hear that this might happen and hopefully keep HTC in the market, better then HTC disappearing. 'Fingers crossed'

3. wicpromd

Posts: 266; Member since: Aug 20, 2013

good BLACKBERRY--Soon will be NOKIA--Done HTC--In progress nice to know HTC will never rise again

4. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

BlackBerry - Hanging on the wall, waiting for acquisition Nokia - Acquired, but will return in few years later HTC - Not so smooth, but things are still okay. Also waiting for acquisition Samsung - Gone crazy, making flip phones with Snapdragon 800

17. Trex95

Posts: 2320; Member since: Mar 03, 2013

Hahaha XD

18. androiphone20

Posts: 1654; Member since: Jul 10, 2013

*sigh*

30. silencer271

Posts: 254; Member since: Apr 05, 2013

going crazy but making bank

37. jaychildz

Posts: 144; Member since: May 31, 2013

dude said S800 flip phones LMMFAO

5. mr.techdude

Posts: 571; Member since: Nov 19, 2012

Oh well I suppose ur the guy who tells the future. U might not know, HTC might be the next uprising brand don't u know the quote "what comes down must come up and what comes up must come down" not every big brands stay up or down.

9. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

We don't know the future. But Samsung will not dominate the smartphone world forever, and will be replaced by another brand. HTC, Sony, LG, Huawei...who knows?

45. Ronny666

Posts: 128; Member since: Jun 08, 2013

Next uprising brand? Very optimistic but I doubt so. Logically it's going to be either LG, Lenovo or Huawei. There's a proverb: "learn how to walk before you can run"

27. GadgetsMcGoo

Posts: 168; Member since: Mar 15, 2013

And so why in your view is this good? What do you personally gain from this? Is daddy in the M&A business?

6. woodshop20

Posts: 459; Member since: Sep 14, 2013

HTC makes great hardware, marred only by a lack of updates and basic maintenance.

34. JC557

Posts: 1917; Member since: Dec 07, 2011

Umm, no they are pretty good with basic maintenance as I've gotten security and bug updates in a timely matter. Unfortunately it was Verizon that held back the Global Mode for my Rezound several months after it was released and more than that when it was discovered. Sadly, it costs quite a bit of money to develop and send out updates to all phones while selling a new one would help with income.

36. Lauticol

Posts: 404; Member since: Jun 25, 2011

HTC One, the first phone updated to 4.3

7. Lampriya

Posts: 245; Member since: Oct 05, 2013

if htc can keep its phones quality like Apple has done, it will not be in trouble like this. The smartphone war is between samsung and Apple and I can guarantee that Apple is the real winner. Copy cat never wins the original.

10. tiara6918

Posts: 2263; Member since: Apr 26, 2012

It's not the quality that keeps people from buying an iphone, it's because it is a status symbol. iphone is the most expensive smartphone in the market and many people just follow the trend.

23. Lampriya

Posts: 245; Member since: Oct 05, 2013

iPhone is expensive because of its premium body such as aluminum and glass for example. As long as customer service is concerned, Apple is also ahead of others (software update, for example). how about Samsung, nothing besides cheap plastic?

35. SleepingOz unregistered

FYI, aluminium is cheaper to manufacture than polycarbonate. Other than 'feels premium in hands' what advantage does it have over polycarbonate?

11. wicpromd

Posts: 266; Member since: Aug 20, 2013

as if apple never copies??? dreaming???? iphone design is already inspired from SONY

24. Lampriya

Posts: 245; Member since: Oct 05, 2013

Stop kidding me, guy. Apple released first iPhone while Sony still used featured phone.

12. tiara6918

Posts: 2263; Member since: Apr 26, 2012

Another thing is that some consumers find ios very simple and the iphone, small and operational with one hand

25. Lampriya

Posts: 245; Member since: Oct 05, 2013

Small? iPhone screen size is adequate for both girls and boys. We are talking about phone here, not a tablet. And iOs 7 is a big hit ever happened in ios history. I see nothing is really useful features in Samsung galaxy note 3 besides gimmick marketing.

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