Shares in the Taiwanese smartphone firm HTC will be suspended from trading on Thursday amid rumours Google’s parent Alphabet is planning a takeover.
The company issued a statement in response to a report in the China Times, and a request from the Taiwanese Stock Exchange.
It said said it “does not comment on market rumour or speculation”.
HTC was once a major player in the smartphone market but has struggled to compete with Apple and Samsung.
Five years ago, HTC was the world’s fourth bestselling smartphone maker with a market share of about 9%.
Its share is now less than 1%.