Wednesday, April 11, 2007

HTC to acquire Dopod

Jun 05, 2006

High Tech Computer (HTC) announced that it will acquire over a 50% stake in Dopod (Cayman) Holding Corporation with the transaction worth less than US$150 million, according to HTC's filing at the Taiwan Stock Exchange (TSE).

Under the terms of the memorandum of understanding (MOU) signed with Dopod, Dopod will serve as a subsidiary of HTC. Both parties are still working out the details of the agreement, according to the filing.

According to the company filing, Dopod recorded revenues of US$130 million in 2005 with profits of US$80 million.

source: DigiTimes

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