HTC Not Interested In Getting Bought (By Asus)

HTC, in a statement issued to shareholders, said it won't even consider being acquired by Asus.

"We strongly deny the news," the company wrote in the statement. "We didn't contact Asusteck and will not consider the acquisition. As an international brand, HTC will continue to design world-class innovative smart devices through its pursuit of brilliance brand promise."

The statement appears after Asus Chairman Johnny Shih said on Friday at a shareholder meeting that he's kicked around the idea of acquiring HTC, though the idea has not extended beyond the level of discussion.

The general lack of interest in HTC products has created a slew of issues for the company. In March, HTC announced that its chief executive Peter Chou would step down and chairwoman and co-founder Cher Wang would take the reins. A week later, the company lost its head of design, Jonah Becker, who was in the post for under a year, Cnet noted.

HTC recently announced that it would post a loss for the second quarter of 31 cents to 32 cents a share.