HTC Corp VR business attracts interests from Baidu, Alibaba, Tencent and Google
The Taiwan-based consumer electronics company HTC Corp’s (TPE: 2498) Virtual Reality (VR) business, has attracted interests from Baidu (NASDAQ:BIDU), Alibaba Group (NYSE:BABA), Tencent (HKG:0700) and Google (NASDAQ:GOOAV), the Apple Daily reported, citing an industry source’s Weibo.
The Chinese-language report Apple Daily cited Lengxi Dev’s Weibo which said it seems that HTC Corp intends to have more contact with Google. Lengxi Dev is a Taiwan-based source from the supply chain industry. The VR business has a value of approximately USD 1bn, he wrote in Weibo.
Bloomberg News, citing an unnamed source familiar with the situation, reported that HTC Corp has met several potential buyers, including Google. However, the source emphasized that the parties are not likely to make decision on any deal.
Baidu (NASDAQ:BIDU), Alibaba Group (NYSE:BABA), Tencent are China-based internet enterprises and Google is an US-based company engaged in providing internet-related services.