HTC has denied allegations of an acquisition by ASUS, stating that it will continue to build "world-class" devices on its own.


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