HTC: Merger with ASUS not in the cards

Last week, Reuters reported that ASUS was interested in buying HTC, with Chairman Jonney Shih said to have made a comment signifying the same during a shareholder meeting. Although ASUS mentioned that a formal bid was yet to be made, HTC has also come out with a statement denying the claims:

We strongly deny the news. 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.

While HTC isn't considering an acquisition, it is going through a bleak quarter that is projected to end in a net loss.

Source: HTC

Harish Jonnalagadda
Senior Editor - Asia

Harish Jonnalagadda is a Senior Editor overseeing Asia at Android Central. He leads the site's coverage of Chinese phone brands, contributing to reviews, features, and buying guides. He also writes about storage servers, audio products, and the semiconductor industry. Contact him on Twitter at @chunkynerd.