Taipei, Nov 1, 2011 (IRG) - The world's No.5 smartphone company HTC Corp. plans to buy Inquisitive Minds, a U.S. maker of children's software, for $13 million. The company said it planned to make a long-term investment to provide mobile applications geared to children.
Inquisitive Minds owns game app Zoodles, designed for children aged eight and younger.
HTC has been aggressively expanding its software platform through acquisitions in order to compete with rivals such as Apple and Samsung. In August, HTC bought a 51 percent stake of the U.S. company Beats Electronics for $309 million to tap the younger consumer segment.
By IRG Staff Writer
Topic: Press release summary Sectors: Consumer Electronics http://www.acnnewswire.com From the Asia Corporate News Network
