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HTC denies likelihood of merger with ASUS

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There was talk floating around in the internet suggesting that ASUS is looking to acquire HTC. This was substantiated by the CEO as quoted by another company executive. However, we never got to hear HTC’s part of the story. Today we’re getting an opinion and it’s not all positive news for those keen on this merger.

HTC said in a statement – “We strongly deny the news. We didn’t contact Asusteck and will not consider the acquisition. As an international brand, HTC will continue to design world-class innovative smart devices through its pursuit of brilliance brand promise.”

This comes in the wake of HTC’s share prices taking a dramatic hit, falling by nearly 50% since the arrival of the One M9 earlier in April. Needless to say, the market has been pretty cold to the One M9 for lacking innovation and being more of the same. Following the launch of the One M9, HTC decided to shuffle the board up a bit and replaced the CEO Peter Chou with co-founder of the company Cher Wang.

Via: Tech Crunch