The Taiwanese smartphone and virtual reality headset manufacturer HTC will halt shares from Thursday, pending the “release of material information” following media reports of a purchase by Google’s parent, Alphabet. The company will apply for resumption of trading after the release of material information.”What's the cheapest way of buying an iPhone 8? Read moreLocal reports speculate that the “release of material information” could be an impending acquisition by Alphabet. The reason Alphabet might want to buy HTC is not as clear cut as Google’s grab for Motorola’s patents. Some have suggested Alphabet might intend to turn the company into an in-house manufacturer for Google-branded products, dropping the HTC brand entirely.

Source: The Guardian September 20, 2017 13:15 UTC