Taiwan’s HTC to sell part of its XR headset unit to Google for $250 million

Taiwan’s HTC said on Thursday it will sell part of its unit for extended reality (XR) headsets and glasses to Google for $250 million and transfer some of its employees to the U.S. company.

The transaction is expected to close in the first quarter of this year, HTC said.

The two companies will also explore further collaboration opportunities, HTC added.

This is not the first sizable deal between the two companies. In 2017, Google announced its purchase of part of HTC’s smartphone operations for $1.1 billion.