HTC dismisses report about possible company sale

Taipei-Taiwan-based smartphone vendor HTC Corp. on Friday dismissed as "rumor and speculation" a media report that said it was considering splitting off its virtual-reality business and even selling the whole company.

"The company has no comment on market rumors and speculations," HTC said in a statement, in response to a Bloomberg News report on Thursday.

Citing unidentified people familiar with the matter, the news agency said HTC is working with an adviser as it considers bringing in a strategic investor, selling its Vive virtual reality headset business or spinning off the unit.

A full sale of HTC is less likely because it is not an obvious fit for a single acquirer, Bloomberg said, citing its sources.

HTC, which once ranked among the world's top smartphone makers, has seen its global market share drop to below 2 percent in recent years.

In the second quarter of this year, HTC reported a net loss of NT$1.95 billion, its ninth consecutive quarterly loss.

Source: Focus Taiwan News Channel