HTC says it has no plans to spin off VR business into separate company

Patrick O'Rourke

January 19, 2016 2:19pm

Reports surfaced late last week that Cher Wang, HTC’s chairperson might be considering splitting its smartphone and VR ambitions into two different companies.

But in a statement issues today, HTC adamantly denies these claims.

“Recent media reports in Taiwan, such as by United Evening News, stating that Cher Wang is planning to spin off HTC’s VR operations into an independent entity that will be wholly owned by Wang are incorrect. HTC will continue to develop our VR business to further maximize value for shareholders,” says HTC in a statement sent to MobileSyrup.

According to this release, nothing is changing at HTC, and the company will continue to operate as it always has following the launch of the HTC Vive. Pre-orders for the company’s upcoming VR headset are set to launch in February, with a commercial release in April.

HTC and Valve are holding an event called the Virtual Reality Los Angeles (VRLA) Expo this weekend, where both companies are expected to show off upcoming third-party software for the headset.

Despite the fact that the Vive has an official release window and pre-order date, we still don’t know how much the headset will cost. Oculus Rift pre-orders recently launched for $914 CAD.

SourceVR Focus

Related reading: Half-Life 3 not confirmed: Valve won’t show off a new game at VR showcase

  • avow

    Sounds like they are putting themselves in a position to be able to sell it off, probably to Valve. Makes sense seeing how much money HTC has been bleeding.

  • Raj Singh

    Don’t believe everything you read.