Report: Panasonic shopping smartphone division to HTC, others
The last thing struggling HTC needs is to take on the acquisition of Panasonic’s smartphone division. However, according to Japanese business rag SankeiBiz, the Taiwanese OEM is among several candidates in talks to do just that. The other frontrunner is semiconductor fabricator TSMC.
At this stage it sounds like Panasonic is merely shopping the idea around to potentially interested parties. Regardless, it’s hard to imagine how HTC could justify such a big financial move in light of falling revenues. Things are so dire at HTC that CEO Peter Chou will consider stepping down based on the success of their current One flagship.
What HTC needs to do is continue to focus on turning around their own business without the distractions of a major acquisition that, on the surface, doesn’t sound like it will have many immediate benefits. Consider it rumor or wishful thinking for now.
[via UnwiredView]