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Google Reportedly Nears To Buy Part Of HTC

Google is close to buy part of struggling Taiwanese smartphone maker HTC Corp. (HTCCY.OB, HTCKF.OB, HTCXF.OB), according to reports citing people familiar with the matter.

The acquisition, which could be announced as soon as Wednesday afternoon, is for HTC's mobile-phone original design operations, the reports said

HTC's market capitalization is about $1.9 billion. The value or size of the division Google is set to buy is unclear, the reports noted.

by RTT Staff Writer

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