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HTC stock bounces back on news that ASUS has discussed HTC acquisition
Last week’s news regarding a possible ASUS buyout of HTC came after the markets closed on Friday, so it’s not surprising that HTC’s stock price shot up today by 10% (the maximum single-day movement allowed by the Taiwan stock exchange). While ASUS has not made an official offer, HTC is already fighting back by stating…
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ASUS considering HTC acquisition
During the ASUS annual shareholder meeting, Asustek Chairman Johnny Shih revealed that the company has had internal discussions regarding an ASUS acquisition of HTC. Chief Financial Officer David Chang clarified the Chairman’s comments to Reuters by stating that the topic had been discussed, but an actual takeover of HTC was not very likely due to…