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HTC moves Vive VR business into separate subsidiary

Mobile manufacturer HTC has distanced itself slightly from its virtual reality pursuits by turning its Vive business into a separate, wholly-owned subsidiary.

Chris Kerr, News Editor

June 30, 2016

1 Min Read

Newsbrief: Mobile manufacturer HTC has distanced itself slightly from its virtual reality pursuits by turning its Vive business into a separate, wholly-owned subsidiary.

The spin-off company has been named the HTC Vive Tech Corporation, and should allow the headset and those businesses associated with it to succeed or fail on their own merits.

"HTC can confirm that it has established a wholly-owned subsidiary, HTC Vive Tech Corporation, as a vehicle for developing strategic alliances to help build the global VR ecosystem," said the smartphone maker in a quick statement to The Verge.

About the Author

Chris Kerr

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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