Lenovo Prepares To Buy HTC

News: Chinese computer manufacturer Lenovo is reportedly preparing to acquire Taiwanese technology company HTC, following talks between the two companies dating back to August 2013, reports Mobile Mag. Following the deal, it is understood Lenovo will want to keep the HTC brand name, although the company intends to largely produce its own hardware. The development comes after HTC reported its first ever quarterly loss and failed to strengthen its position in the market.

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Geography: China, Taiwan

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