About This Deal

Alphabet acquired HTC (Pixel engineering team) for $1.1B, a transaction completed in January 2018, structured as cash — team transfer plus non-exclusive IP license.

HTC (Pixel engineering team) operates in Hardware / Pixel, is based in Taipei, Taiwan. Google entered an agreement with smartphone maker HTC under which a team of HTC engineers—many already working with Google on Pixel—joined Google, along with a non-exclusive license to HTC intellectual property. The deal deepened Google's investment in first-party hardware and its Pixel program. Google paid $1.1 billion in cash.

Expand in-house hardware engineering talent to advance the Pixel and devices business.

Deal Terms

Acquirer
Alphabet
Target
HTC (Pixel engineering team)
Value
$1.1B
Date
January 2018
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
Taipei, Taiwan
Segment
Hardware / Pixel
Structure
Cash — team transfer plus non-exclusive IP license
Announced
September 20, 2017
Closed
January 30, 2018

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗ · SEC filing ↗

See how Top Bucket AI works for your firm

Request Demo
Top Bucket AI Research

Stay ahead of private markets

Research and market intelligence for private-markets professionals.

✓

You're subscribed.

Thanks for signing up.