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Beats Audio already buys back most of their stake from HTC

Written by Andre Yoskowitz @ 22 Jul 2012 4:44 User comments (3)

Beats Audio already buys back most of their stake from HTC

Just a year after they sold 50 percent of the company to HTC, Beats Audio has bought back 25 percent of that stake.
HTC originally purchased their 50 percent stake for $300 million, and Beats bought their 25 percent share back at the same equivalent price, $150 million. Beats will now have a controlling 75 percent stake.

Beats says it will now have "more flexibility for global expansion."

For its part, HTC will keep exclusivity on the Beats Audio tech for mobile, meaning you won't be seeing it in Samsung, Motorola or other company's phones anytime soon.

The two companies will also work on a major joint marketing campaign later this year.

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3 user comments

122.7.2012 17:27


222.7.2012 19:09

Your crazy if you spend that much money on that stuff.

20 Year U.S.Army Veteran.Vietnam 1969-1972 101st Abn.Div.

324.7.2012 13:43

Well Dr. Dre said he did want to expand on other projects, and go and see other things, so I guess there's something to this guy besides a legend of rap.

Chance prepares the favored mind. Look up once in a while and you might learn something. - BLUEBOY

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