http://wccftech.com/google-buying-htc-smartphone-business/

With the deal finally inked, Google will be making a play for a piece of the smartphone business as the tech giant will end up acquiring a part of HTC’s mobile division for $1.1 billion. The deal will include a non-exclusive license for intellectual property belonging to HTC.

Prior to this announcement, HTC stated that it would be halting trading on the Taiwan stock exchange, materializing the rumors that there could be an acquisition play involving Google. On the company’s official blog, Google details that several of HTC’s employed talent will be joining the Google hardware team.