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Google is buying smartphone maker HTC’s assets for $1.1 bn

TAIPEI: Taiwan's struggling smartphone maker HTC said Thursday it was selling part of its smartphone business to US technology giant Google for $1.1 billion. The deal includes intellectual property licensing and half of its research staff, or around 2,000 people, and is expected to be completed in early 2018 pending regulatory approval, HTC said. "For Google, the deal will further strengthen its investment in and commitment to smartphones and its hardware business... it shows that Google sees Taiwan as a key hub for…