Alphabet Inc GOOGL GOOG announced through a blog post that it has reached an agreement with HTC Corporation OTCHTCKF, which provided for a team of HTC talent who were already working with Google closely on the Pixel smartphone line up, will join the company's hardware organization. Essentially, Google is set to acquire the HTC "Powered by HTC" R&D division, responsible for designing Google's Pixel smartphones, while also getting access to HTC intellectual property for $1.1 billion in cash. The deal is expected to close in early 2018. SourceStochastics are close to the oversold territory, so some upside is possible. $GOOGL, Alphabet Inc. / H1