HTC

Owners of Beats buy back 25% of shares from HTC

Owners of Beats buy back 25% of shares from HTC
After a bitter break up between Monster and Beats, the company was left as a 49/51 split between the original owners of Beats and HTC, respectively. While the partnership between the two has remained solid, there have been some changes along the way such as HTC no longer bundling the physical headphone in with their phones.

Today HTC and Beats have announced a realignment of their business agreement. Beats will buy back 25% of the total shares, which will give it about 75% control over the company and leave HTC with around 25%. The deal is purported to give Beats “more flexibility for global expansion,” but will still enable HTC to hold onto its commercial exclusivity on the mobile side of things.

The two said in a joint statement,
source: Engadget

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5 Comments

1. Birds

Posts: 1172; Member since: Nov 21, 2011

Well Damn then.....Beats audio in a cellphone is a realitive gimmick...Then again a cell phone is the biggest gimmick of them all. lol That why we LUVZ us some Apple-y iPhone-y and Droidy goodness...

2. Jimstar

Posts: 259; Member since: Oct 24, 2011

Seems to me like the entire plan they had, if indeed they had one at all, got all borked up when beats and monster parted ways. Beats has probably got to find another hardware partner asap, because I doubt they really make much meaningful revenue without having actual hardware to sell.

3. Non_Sequitur

Posts: 1111; Member since: Mar 16, 2012

Too bad the One series can't f**king multitask. I tried it out today at the store and it was REALLY bad.

4. AeroPrime

Posts: 175; Member since: Feb 21, 2011

HTC is now concentrating more to windows phone right?

5. DigitalMD

Posts: 226; Member since: Feb 17, 2010

Beats is a phony baloney gimmick anyway so who actually cares>?

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