Taiwanese smartphone maker HTC says it plans to go ahead with its planned purchase of computer graphics company S3 Graphics.
HTC had announced last July that it planned to buy the California-based company for $300 million. S3 was an attractive takeover target for HTC, as its 270 patents had stood up well in disputes against Apple. But HTC got cold feet over its acquisition of S3 last fall, when the U.S. International Trade Commission ruled in favor of Apple in a patent dispute between S3 and Apple.
The company said in November that it was reconsidering its options. Now … Read more