Smartphone maker HTC explores strategic options

HTC's market value has slumped about 75% in the last five years to $1.8 billion

HTC, the beleaguered manufacturer that once ranked among the world’s top smartphone makers, is exploring options that could range from separating off its virtual-reality business to a full sale of the company, according to people familiar with the matter.

The Taiwanese firm is working with an advisor as it considers bringing in a strategic investor, selling or spinning off its Vive virtual reality headset business, the people said, asking not to be identified as the discussions are private. A full sale of HTC, which has businesses ranging from VR to headset manufacturing, is less likely because it doesn’t fit obviously