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Google is acquiring HTC for $1.1 billion (GOOG, GOOGL)

Sundar Pichai

Google has signed a $1.1 billion dollar cooperation agreement with HTC, the technology company said in a statement on Thursday after HTC’s stock was halted on Taiwan’s stock exchange before the announcement.

The move, first rumoured earlier this month and then re-emerged this week, is the search giant’s latest attempt to juice up its growing hardware division.

This isn’t the first time Google’s bought a smartphone manufacturer, and it isn’t clear why it will be successful this time round.

In 2011, Google bought Motorola in a $12.5 billion deal, only to resell it to Lenovo for $2.91 billion three years later (Google had sold off other parts of Motorola earlier).

At the time, Google said it deemed the overall operation to be a “success,” as it retained Motorola’s most valuable asset, its patent portfolio.

Lately, Google has shown signs of taking an Apple-like strategy towards its products. With its new devices, it’s taking care of both Android, the software, as well as the hardware.

In April 2016, the search giant hired Rick Osterloh, ex-Motorola chief operating officer, as its first ever hardware czar, and formally put together a hardware team under his leadership.

That resulted in the first-ever solely-Google-branded phone, the Pixel (as well as the larger Pixel XL), and also the Daydream View virtual reality headset. Earlier this year, the Google Home smart speaker followed.

What’s more, is that Google is rumoured to be entering the chip-manufacturing space, to compete even better with deeply integrated systems like Apple’s iPhone without having to rely on third party companies like Qualcomm.

When the first batch of made-by-Google devices was unveiled, Osterloh said that hardware was an important component of the tech titan’s business, and that they would be in it “for the long run.” The acquisition of HTC looks like further proof of this commitment.

Notably, HTC also acted as the “ghost” manufacturer for both Pixel handsets last year, and is tipped to be once again as the company behind the forthcoming “Pixel 2” (with LG reportedly taking care of the larger, higher-end “Pixel 2 XL” instead).

In addition to a refreshed phone lineup, a new Pixel-branded Chromebook is also expected to make its debut at Google’s dedicated event, taking place on October 4.

This story is developing…

SEE ALSO: 7 reasons you should buy an iPhone X instead of an iPhone 8

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THE INTERNET OF THINGS 2017 REPORT: How the IoT is improving lives to transform the world

TotalIoTDevices

This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here.

The Internet of Things (IoT) is disrupting businesses, governments, and consumers and transforming how they interact with the world. Companies are going to spend almost $5 trillion on the IoT in the next five years — and the proliferation of connected devices and massive increase in data has started an analytical revolution.

To gain insight into this emerging trend, BI Intelligence conducted an exclusive Global IoT Executive Survey on the impact of the IoT on companies around the world. The study included over 500 respondents from a wide array of industries, including manufacturing, technology, and finance, with significant numbers of C-suite and director-level respondents. 

Through this exclusive study and in-depth research into the field, BI Intelligence details the components that make up IoT ecosystem. We size the IoT market in terms of device installations and investment through 2021. And we examine the importance of IoT providers, the challenges they face, and what they do with the data they collect. Finally, we take a look at the opportunities, challenges, and barriers related to mass adoption of IoT devices among consumers, governments, and enterprises.

Here are some key takeaways from the report:

  • We project that there will be a total of 22.5 billion IoT devices in 2021, up from 6.6 billion in 2016.
  • We forecast there will be $4.8 trillion in aggregate IoT investment between 2016 and 2021.
  • It highlights the opinions and experiences of IoT decision-makers on topics that include: drivers for adoption; major challenges and pain points; stages of adoption, deployment, and maturity of IoT implementations; investment in and utilization of devices, platforms, and services; the decision-making process; and forward- looking plans.

In full, the report:

  • Provides a primer on the basics of the IoT ecosystem
  • Offers forecasts for the IoT moving forward and highlights areas of interest in the coming years
  • Looks at who is and is not adopting the IoT, and why
  • Highlights drivers and challenges facing companies implementing IoT solutions

To get your copy of this invaluable guide to the IoT, choose one of these options:

  1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIP
  2. Purchase the report and download it immediately from our research store. >> BUY THE REPORT

The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the IoT.

Join the conversation about this story »

NOW WATCH: Everything we know about the Apple ‘iPhone X’ — which should be announced today

THE INTERNET OF THINGS 2017 REPORT: How the IoT is improving lives to transform the world

TotalIoTDevices

This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here.

The Internet of Things (IoT) is disrupting businesses, governments, and consumers and transforming how they interact with the world. Companies are going to spend almost $5 trillion on the IoT in the next five years — and the proliferation of connected devices and massive increase in data has started an analytical revolution.

To gain insight into this emerging trend, BI Intelligence conducted an exclusive Global IoT Executive Survey on the impact of the IoT on companies around the world. The study included over 500 respondents from a wide array of industries, including manufacturing, technology, and finance, with significant numbers of C-suite and director-level respondents. 

Through this exclusive study and in-depth research into the field, BI Intelligence details the components that make up IoT ecosystem. We size the IoT market in terms of device installations and investment through 2021. And we examine the importance of IoT providers, the challenges they face, and what they do with the data they collect. Finally, we take a look at the opportunities, challenges, and barriers related to mass adoption of IoT devices among consumers, governments, and enterprises.

Here are some key takeaways from the report:

  • We project that there will be a total of 22.5 billion IoT devices in 2021, up from 6.6 billion in 2016.
  • We forecast there will be $4.8 trillion in aggregate IoT investment between 2016 and 2021.
  • It highlights the opinions and experiences of IoT decision-makers on topics that include: drivers for adoption; major challenges and pain points; stages of adoption, deployment, and maturity of IoT implementations; investment in and utilization of devices, platforms, and services; the decision-making process; and forward- looking plans.

In full, the report:

  • Provides a primer on the basics of the IoT ecosystem
  • Offers forecasts for the IoT moving forward and highlights areas of interest in the coming years
  • Looks at who is and is not adopting the IoT, and why
  • Highlights drivers and challenges facing companies implementing IoT solutions

To get your copy of this invaluable guide to the IoT, choose one of these options:

  1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIP
  2. Purchase the report and download it immediately from our research store. >> BUY THE REPORT

The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the IoT.

Join the conversation about this story »

NOW WATCH: How to take a screenshot on a Mac — and 15 other useful keyboard shortcuts

THE INTERNET OF THINGS 2017 REPORT: How the IoT is improving lives to transform the world

TotalIoTDevices

This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here.

The Internet of Things (IoT) is disrupting businesses, governments, and consumers and transforming how they interact with the world. Companies are going to spend almost $5 trillion on the IoT in the next five years — and the proliferation of connected devices and massive increase in data has started an analytical revolution.

To gain insight into this emerging trend, BI Intelligence conducted an exclusive Global IoT Executive Survey on the impact of the IoT on companies around the world. The study included over 500 respondents from a wide array of industries, including manufacturing, technology, and finance, with significant numbers of C-suite and director-level respondents. 

Through this exclusive study and in-depth research into the field, BI Intelligence details the components that make up IoT ecosystem. We size the IoT market in terms of device installations and investment through 2021. And we examine the importance of IoT providers, the challenges they face, and what they do with the data they collect. Finally, we take a look at the opportunities, challenges, and barriers related to mass adoption of IoT devices among consumers, governments, and enterprises.

Here are some key takeaways from the report:

  • We project that there will be a total of 22.5 billion IoT devices in 2021, up from 6.6 billion in 2016.
  • We forecast there will be $4.8 trillion in aggregate IoT investment between 2016 and 2021.
  • It highlights the opinions and experiences of IoT decision-makers on topics that include: drivers for adoption; major challenges and pain points; stages of adoption, deployment, and maturity of IoT implementations; investment in and utilization of devices, platforms, and services; the decision-making process; and forward- looking plans.

In full, the report:

  • Provides a primer on the basics of the IoT ecosystem
  • Offers forecasts for the IoT moving forward and highlights areas of interest in the coming years
  • Looks at who is and is not adopting the IoT, and why
  • Highlights drivers and challenges facing companies implementing IoT solutions

To get your copy of this invaluable guide to the IoT, choose one of these options:

  1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIP
  2. Purchase the report and download it immediately from our research store. >> BUY THE REPORT

The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the IoT.

Join the conversation about this story »

NOW WATCH: How to take a screenshot on a Mac — and 15 other useful keyboard shortcuts

THE INTERNET OF THINGS 2017 REPORT: How the IoT is improving lives to transform the world

TotalIoTDevices

This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here.

The Internet of Things (IoT) is disrupting businesses, governments, and consumers and transforming how they interact with the world. Companies are going to spend almost $5 trillion on the IoT in the next five years — and the proliferation of connected devices and massive increase in data has started an analytical revolution.

To gain insight into this emerging trend, BI Intelligence conducted an exclusive Global IoT Executive Survey on the impact of the IoT on companies around the world. The study included over 500 respondents from a wide array of industries, including manufacturing, technology, and finance, with significant numbers of C-suite and director-level respondents. 

Through this exclusive study and in-depth research into the field, BI Intelligence details the components that make up IoT ecosystem. We size the IoT market in terms of device installations and investment through 2021. And we examine the importance of IoT providers, the challenges they face, and what they do with the data they collect. Finally, we take a look at the opportunities, challenges, and barriers related to mass adoption of IoT devices among consumers, governments, and enterprises.

Here are some key takeaways from the report:

  • We project that there will be a total of 22.5 billion IoT devices in 2021, up from 6.6 billion in 2016.
  • We forecast there will be $4.8 trillion in aggregate IoT investment between 2016 and 2021.
  • It highlights the opinions and experiences of IoT decision-makers on topics that include: drivers for adoption; major challenges and pain points; stages of adoption, deployment, and maturity of IoT implementations; investment in and utilization of devices, platforms, and services; the decision-making process; and forward- looking plans.

In full, the report:

  • Provides a primer on the basics of the IoT ecosystem
  • Offers forecasts for the IoT moving forward and highlights areas of interest in the coming years
  • Looks at who is and is not adopting the IoT, and why
  • Highlights drivers and challenges facing companies implementing IoT solutions

To get your copy of this invaluable guide to the IoT, choose one of these options:

  1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIP
  2. Purchase the report and download it immediately from our research store. >> BUY THE REPORT

The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the IoT.

Join the conversation about this story »

NOW WATCH: Meet the forgotten co-founder of Apple who once owned 10% of the company

THE INTERNET OF THINGS 2017 REPORT: How the IoT is improving lives to transform the world

TotalIoTDevices

This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here.

The Internet of Things (IoT) is disrupting businesses, governments, and consumers and transforming how they interact with the world. Companies are going to spend almost $5 trillion on the IoT in the next five years — and the proliferation of connected devices and massive increase in data has started an analytical revolution.

To gain insight into this emerging trend, BI Intelligence conducted an exclusive Global IoT Executive Survey on the impact of the IoT on companies around the world. The study included over 500 respondents from a wide array of industries, including manufacturing, technology, and finance, with significant numbers of C-suite and director-level respondents. 

Through this exclusive study and in-depth research into the field, BI Intelligence details the components that make up IoT ecosystem. We size the IoT market in terms of device installations and investment through 2021. And we examine the importance of IoT providers, the challenges they face, and what they do with the data they collect. Finally, we take a look at the opportunities, challenges, and barriers related to mass adoption of IoT devices among consumers, governments, and enterprises.

Here are some key takeaways from the report:

  • We project that there will be a total of 22.5 billion IoT devices in 2021, up from 6.6 billion in 2016.
  • We forecast there will be $4.8 trillion in aggregate IoT investment between 2016 and 2021.
  • It highlights the opinions and experiences of IoT decision-makers on topics that include: drivers for adoption; major challenges and pain points; stages of adoption, deployment, and maturity of IoT implementations; investment in and utilization of devices, platforms, and services; the decision-making process; and forward- looking plans.

In full, the report:

  • Provides a primer on the basics of the IoT ecosystem
  • Offers forecasts for the IoT moving forward and highlights areas of interest in the coming years
  • Looks at who is and is not adopting the IoT, and why
  • Highlights drivers and challenges facing companies implementing IoT solutions

To get your copy of this invaluable guide to the IoT, choose one of these options:

  1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIP
  2. Purchase the report and download it immediately from our research store. >> BUY THE REPORT

The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the IoT.

Join the conversation about this story »

NOW WATCH: Meet the forgotten co-founder of Apple who once owned 10% of the company

Uber’s exodus continues: Here are all the high-ranking execs who left the troubled company this year

Travis Kalanick Anthony Levandowski

It’s been a year of turmoil for Uber, as the company has careened from one crises to another. 

Since February, when Susan Fowler released her now infamous blog post, the ride-hailing company has lost a deep bench of its top executives — each leaving the company for different reasons.

Uber now has a new CEO in former Expedia CEO Dara Khosrowshahi, who started on the job two weeks ago.

Given the number of vacancies at the top of his org, he may not have to ask for the resignations of a large number of people in order to bring in his own hand-picked team.

Yet it’s also clear that the exodus isn’t entirely over yet, as just this month Uber’s compliance officer, top lawyer and others have said that they, too, are leaving.

Here’s an updated tally of who has left the company and why since February.

SEE ALSO: The 30 highest-paid CEOs in tech

Travis Kalanick, former CEO

Departure: June 20

Replacement: Dara Khosrowshahi

After a months of scandals, an internal investigation that led the company to fire 20 people, and a slew of lawsuits, Uber co-founder Kalanick was forced to resign as CEO. Adding to the pressure on Kalanick was an insurrection among a number of major investors that was led by Benchmark, which holds a board seat.

Kalanick remains on Uber’s board of directors.

Salle Yoo, former top lawyer

Departure: Soon

Replacement: none, yet 

Uber’s top legal officer Salle Yoo has resigned from the company effective after she helps Khosrowshahi find her successor. She announced her departure in an email to the troops, published by the WSJ on September 12.

She leaves as Uber faces numerous lawsuits including one by Waymo alleging Uber stole its self-driving car trade secrets; one involving allegations that executives looked at medical records of a rape victim in India; and three federal probes into its operations.

Michael Brown, head of operations in Asia

Departure: Sept. 19

Replacement: none, yet

Michael Brown had been with Uber ramping up its Asia operations for four years. Although he was not involved in Uber’s China or India business, and its struggles there, his name was involved in several of other scandals.

For instance, in August, Uber was accused of knowingly leasing 1,000 recalled vehicles to drivers in Singapore and Brown advocated pulling all the vehicles off the road after one of them caught fire. 

The DOJ is also currently investigating whether Uber violated bribery laws in several Asian countries in Brown’s territory.

See the rest of the story at Business Insider