VENTURE CAPITAL POST

Online music platform company 7Digital is close to signing a deal to buy out UBC Media Group. The takeover deal will provide a London listing for 7Digital in place of UBC. Should it be successful, the float could give 7Digital a valuation of about GBP50 million.

HTC, which is reeling from its first quarterly loss, is seeking to recover when it enters the smartwatch race using Google's Android OS.

HTC, due to Apple and Samsung dominance and the proliferation of cheap smartphones from China, saw its market share decline to just 2.8%.

HTC Corp. had cut the number of its US based workers, a move which the company referred a streamline on its operations after a period of growth.

Beats spoke with unknown investors to buy out HTC's minority stake.

A report from Digitimes said HTC would most likely "drift away" from Windows Phone so that it could focus on its Android smartphones.

Analysts believed that HTC's only way out of totally dying out is through a merger with another Chinese company.

Verizon's HTC One launch was moved to August 15 from August 1.

HTC was considered as the "biggest victim" by an industry analysis from Citi.

Paul O'Brien developed an app that enables HTC One users to switch between Sense and Google Experience.

Huawei is set to reach its target of 10% revenue growth for this year, analysts reported.

HTC estimated that the company might post a negative earnings report on the third quarter.

Recent quarterly reports said that HTC declined for the 8th consecutive quarter.

Apple and Samsung's combined shares plunged while new smartphone makers showed growth.

Apple reported a 14% decline on its sales in China due to the increasing popularity of cheaper android phones and local brands.