HTC refutes Asus takeover rumours in strongly worded statement

Last week saw reports that the takeover of struggling local rival, HTC, had been discussed internally at Asus. The chairman of Asus had even gone so far as to say that it hadn’t ruled out the possibility of such a takeover, thus causing many articles to be written about the possible takeover. In response, HTC has today released a statement to its investors saying that such a takeover is not on the cards. Basically, HTC has stated that they have not initiated any contact with Asus and that they will not entertain the idea of such an acquisition. The full statement as such is below:

To be honest, it was probably an unlikely scenario in the first place, but the fact that HTC felt the need to deny that it had anything to do with even the idea of Asus taking it over, says something about how vulnerable HTC (and its investors) must be feeling at the moment thanks to the plummeting share price. So, while HTC has denied it contacted Asus, I wonder if there were any contact initiated by Asus?

In the meantime, HTC has promised to continue designing world-class, innovative smart devices. Hopefully, the Taiwanese handset maker will refrain from wasting its resources on further distractions such as its Project INK campaign. What do you think? Are you disappointed that HTC has strongly rejected the idea of being taken over by Asus?

Source: HTC

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