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HTC Lowers The Volume On Beats Stake

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Jul 21, 2012, 4:33 PM   by Rich Brome   @rbrome

HTC and Beats today announced that HTC has sold half of its stake in Beats back to Beats. HTC will maintain an approximate 25% stake in Beats and continue to hold exclusive commercial rights to Beats technology in mobile devices. Owning a controlling stake "provides Beats with more flexibility for global expansion", according to the companies. HTC bought a 51% majority stake in Beats one year ago.

more info at HTC »
more info at The Verge »



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Is Beats worth it. marufio Jul 23, 2012, 6:19 PM
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