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You are here: Home / Misc. / HTC sells remaining stake in Beats Electronics for $265 million

HTC sells remaining stake in Beats Electronics for $265 million

September 27, 2013 By Kunal Gangar Leave a Comment

HTC 8S

There were rumours of a shaky relationship between HTC and Beats Electronics and today they’ve confirmed of a split with HTC agreeing to sell its remaining 24.84 percent stake valued at $265 million to Beats.

HTC integrated Beats Audio in its smartphones and as a part of the deal the logo was showcased at the back of the HTC device signifying the Beats technology.

The move was on the cards and given our interaction with an HTC executive, we can expect similar audio technology that will be developed in-house by HTC.

HTC had bought 50.1 percent stake in Beats Electronics for $300 million couple of years only to sell half of it a year later for $150 million.

[NASDAQ via Bloomberg]

  • HTC India announces One mini, goes for Rs. 36,790
  • HTC brings Desire 500 to the Indian market
  • HTC unveils Desire 601, Desire 300, BoomBass subwoofer and blue HTC One devices
  • HTC outs Butterfly S Hello Kitty Edition in Taiwan

Filed Under: Misc.

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