On January 23, 2025, HTC Corp. and Google announced a definitive agreement under which HTC will receive $250 million in cash from Google, and certain HTC employees from its Extended Reality (XR) team will join Google. As part of the transaction, Google will receive a non-exclusive license for HTC’s XR intellectual property. The transaction is subject to customary closing conditions and is expected to close in Q1 2025.

Wilson Sonsini Goodrich & Rosati advised Evercore, who served as financial adviser to HTC, on this transaction. The Wilson Sonsini team was led by Marty Korman, Doug Schnell, Ryan Greecher, and Nikki Smith.

For more information, please see the press release.