Report: HTC's Cher Wang turned down offer from Amazon11
A report published on Wednesday night suggests that HTC was going to partner with Amazon, to produce a low-cost smartphone. The benefits to HTC included a chance to counter balance a slow selling high-end line with a low-end model, and the opportunity to show other potential partners what it could do. According to the report, AT&T's top brass had a cow when they learned that the carrier would not have an exclusive on the low-end Amazon handset, and threatened not to support a high-end Amazon phone.
As a result, Amazon was forced to disengage with HTC. At the same time, there is speculation that Amazon had made an offer to purchase HTC, a deal that was rejected by HTC co-founder Cher Wang.
Considering that the Amazon Fire Phone is not selling, and has seen its price slashed to 99 cents on contract, AT&T might have done better with that canceled low-end model that allegedly was being planned by HTC. Alas, we will never know. As for a potential acquisition of HTC by Amazon, rumors like this don't die quickly. We expect to see more talk of HTC escaping in others' arms soon.
source: TheInformation via Engadget