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It's official! Beats buys back HTC's stake in the company

0. phoneArena posted on 27 Sep 2013, 07:26

HTC's 25% stake in Beats Electronics was sold back to the company for $265 million; the Taiwan based manufacturer had originally owned 50.1% of the company, a purchase made at the top of the market in 2011. A year later, Beats founders Jimmy Iovine and Dr. Dre had purchased half of HTC's majority ownership back...

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