Google and HTC are on track to close a deal worth $1.1 billion to the Taiwanese tech company in January.

The Taiwan Investment Commission has approved the proposal for HTC to transfer hardware engineers and share intellectual property with Google in exchange for the cash. The deal was first announced in late September.

The liquidity will help HTC power its Vive virtual reality division and give some running room for its declining smartphones. Investors are of high hopes that HTC can turn a profit next year after several years of losses.

You May Also Like

AirPods, AirPods Pro and 10.2-inch iPads are discounted on Amazon

There are more deals for Apple products on Amazon that include the new AirPods Pro and the latest 10.2-inch iPad model

We have new leaked renders of the Samsung Galaxy S11

We have new leaked images of the Samsung Galaxy S11, and they show several design changes
nubia Red Magic 3S Eclipse Black

nubia Red Magic 3S Eclipse Black now available for purchase

After the Red Magic 3 and Red Magic 3S, the company is now announcing the availability of the nubia Red Magic 3S Eclipse Black.