Featured Mobileburn Video

HTC and Beats Audio finalize their divorce


Newsbrief by Andrew Kameka on Friday September 27, 2013.

industry news · andrew kameka

Sponsored links, if any, appear in green.

Beats Electronics has repurchased the remaining 25 percent stake sold to HTC when the two companies formed an exclusive partnership for mobile devices with Beats-brand audio settings in 2011. Beats was rumored to want to end the partnership after two years because of a desire to expand into more product areas and take on new investment that HTC, facing its own financial troubles, couldn't support. HTC originally paid $300 million to own 50 percent of Beats Electronics. HTC originally sold 25 percent of its stake for $150 million and most recently sold the remaining shares for $265.

source: Nasdaq, via: Engadget

 
blog comments powered by Disqus

Advertisement

Related Stories

CLOSE