ASUS Interested in Buying HTC, Chances Are Slim

Chairman Johnny Shih was quoted as saying recently

Everytime a major company is in deep financial troubles the competition is always there to pick up the pieces. It happened with Nokia and Motorola, but it might also happen with BlackBerry and HTC as well.

BlackBerry's mobile devices business is not doing well, but the company's CEO John Chen might still have one or two aces up his sleeves.

Rumor has it that the Canadian company will launch an Android device this fall, which might put its financial results back on the black.

HTC shares plunged 20% early this week after the company forecast major losses for the June quarter. The Taiwanese company's flagship smartphone HTC One M9 had terrible sales since its release, which led to speculation that the handset maker might be acquired.

Reuters has it from good sources that Taiwanese Asustek Computer might be interested in HTC's smartphone business.

The company's chairman Johnny Shih spoke about the possibility of acquiring HTC during Asus' annual general meeting.

“Our chairman has chatted about the topic internally. Still, the chances of an actual takeover are not big as Asustek is a company that has depended on organic growth,” said Chief Financial Officer David Chang.

As expected, HTC offered a statement, but said that it would not comment on rumors and allegations, and it will continue to sell its smartphones in all markets.

Other companies might be interested in the deal

So, it appears that there's little chance that the Taiwanese companies will ink a deal in the near future since Asus doesn't believe in the takeover yet.

These rumors will probably continue to emerge in the coming weeks, but Asus' name might be replaced by other major company in the smartphone business.

The only way for HTC to make it on its own is its next flagship smartphone, which, according to the company's CEO, will be completely redesigned. Stay tuned for more on this one.