HTC denies potential acquisition talks with Asus following reports

HTC logoHTC is not entertaining the prospect of being acquired by Asus, following recent reports suggesting such a transaction could be on the way. The smartphone producer has been forced to comment following reported comments made by Asus chairman Johnny Shih about the potential purchase, but HTC claims it will not be considering any acquisition attempts by the computer manufacturer in the near future.

Speaking at the Asus annual general meeting, Reuters reports Shih advised it had not ruled out a purchase of HTC. Chief financial officer David Chang later clarified the comments, advising "Our chairman has chatted about the topic internally. Still, the chances of an actual takeover are not big as Asustek is a company that has depended on organic growth."

HTC's denial to investors claims it "didn't contact Asustek and will not consider the acquisition," going on to say it "will continue to design world-class innovative smart devices through its pursuit of brilliant brand promise."

Rcently, HTC warned investors it had forecast a heavy loss for the most recent quarter, something which caused the share price to go down 20 percent early last week, subsequently increasing the acquisition speculation.

Source: Electronista

Tags: ASUS, HTC

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