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HTC decides to buy S3 after all, keeps it on ice for future patent wars

HTC hearts S3 Graphics

HTC was exhibiting more than a bit of buyer's remorse after its acquisition of S3 Graphics went off the rails: it had used the $300 million deal to scoop up a company with a victory over Apple in a patent dispute at the ITC, only to see that decision reversed and its dreams crumble. S3 will be glad to know that HTC wants the shotgun wedding to last. The One X creator's general counsel, Grace Lei, is now promising that the buyout will wrap up at some point in the near future after "cautious assessment" of its worth. The union won't help HTC fend off escalating Apple assaults, but the 270 patents may make other companies think twice before starting a feud -- oh, and give HTC some graphics technology to improve its products.

HTC decides to buy S3 after all, keeps it on ice for future patent wars originally appeared on Engadget on Tue, 12 Jun 2012 11:40:00 EDT. Please see our terms for use of feeds.

 

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