HTC has put rest to ongoing rumors and announced that it is not considering being acquired by Asus. The Taiwanese company touted that it is not interested in any kind of merger.
“We strongly deny the news. We didn’t contact Asusteck and will not consider the acquisition. As an international brand, HTC will continue to design world-class innovative smart devices through its pursuit of brilliance brand promise,”
said HTC in a statement.
HTC has been struggling with revenues and profits for the past couple of years. It reported $1.3 billion in revenue in Q1, 2015, lower than Q4, 2014. The latest model of the HTC One M9 launched earlier this year has failed to impress owing to similarities with the previous model. Last week the company dramatically cut its sales estimates for this quarter. In March HTC appointed Chairwoman Cher Wang as the company’s CEO who replaced Peter Chou. The company has been facing a tough competition from Samsung, Huawei, Lenovo, Xiaomi and others.