Smartphone maker HTC exploring strategic options: Bloomberg

Reuters News
Posted: Aug 24, 2017 12:40 PM

(Reuters) - Smartphone maker HTC Corp <2498.TW> is exploring options that could range from spinning off its virtual reality business to selling itself, Bloomberg News reported on Thursday.

The Taiwanese firm is working with an adviser as it considers bringing in an investor or selling its Vive virtual reality headset business, Bloomberg report, citing people familiar with the matter.

A full sale of the company is less likely as it does not fit obviously with one buyer, Bloomberg reported.

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Reuters could not immediately reach HTC for comment.

(Reporting by Diptendu Lahiri in Bengaluru; Editing by Sai Sachin Ravikumar)