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 Report: HTC could sell off its Vive virtual reality division

Report: HTC could sell off its Vive virtual reality division

August 25, 2017 | By Chris Kerr

August 25, 2017 | By Chris Kerr
More: VR, Business/Marketing

HTC might be about to exit the virtual reality industry, with a new report from Bloomberg suggesting the smartphone maker is mulling over the sale of its Vive VR division. 

According to Bloomberg, the Taiwanese outfit is exploring number of options, and could be preparing to either spin-off its VR business or sell it entirely. 

The company has put a lot of time and effort into building out the VR space, and just this week slashed the price of its Vive VR headset in a bid to get the device into the hands of consumers.

It also set aside $10 million back in January to help finance VR experiences that will "create positive impact and change."

Regarding the sale, people familiar with the matter (who predictably asked not to be identified) say HTC has already held talks with a number of firms including Google's parent company, Alphabet Inc.. 

They also claim a full sale of HTC -- while not impossible -- is unlikely, as potential suitors aren't keen on taking on an operation of that magnitude. 

To be clear, the report states that all of these potential sales and spin-offs are just possibilities right now. Nothing is set in stone, but it's still interesting to hear that HTC is considering these options.

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