To end the issue hounding HTC with regards to the reports which circulates that Asus is interested to buy the Taiwan-based handset maker. The company finally breaks their silence through a released statement to the investors on Monday. According to the HTC it has no interest in being acquired by Asus, but it wouldn’t even consider such a a deal if ever presented the opportunity.
In connection to the alleged buy out this is what the company stated, “We strongly deny the news,” the company wrote in the statement. “We didn’t contact Asusteck and will not consider the acquisition. As an international brand, HTC will continue to design world-class innovative smart devices through its pursuit of brilliance brand promise.”
WHERE THE NEWS CAME FROM
At a shareholder meeting on Friday Johnny Shih Chairman of Asus said that he’s kicked around the idea of acquiring HTC. Howerver, according to Asus CFO David topic has only been floated internally.
There were no formal discussion that transpired since the chances of any deal would be slim. And yes there is no chance at all because the HTC CEO Cher Wang apparently has no interest in seeing her company bought by Asus.
Although HTC had long built attractive, premium quality mobile handset which are receives warm reception from consumers but the HTC smartphones struggle to compete well with other smartphone flagships of other rival phone makers such as Apple, Samsung, Xiaomi and others. The company has financial issues and management issues as well. That ignites the speculation over the future of HTC.
INVESTORS WERE DISAPPOINTED
The company’s investors are disappointed mainly with the company’s financial news. The once prominent brand is now becoming a less significant brand. There were investors who took their cash and bid adieu that is why shares were down to 20 percent early last week.
However, it is now clear that the company has no plans to have deal with Asus and from there we all have to move and go on.