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HTC takes 51% in the mobile audio player Beats Electronics

HTC finalized a deal to acquire US-based mobile audio specialist Beats Electronics

Taiwan mobile giant HTC announced yesterday that it has entered in an acquisition deal with US-based mobile audio specialist Beats Electronics. This $309 million deal will let HTC take over 51% of Beats – according to a company filing on Taiwan Stock Exchange and reported by Digitimes.

This acquisition will leverage the audio experience in HTC’s upcoming smartphones and tablets and is expected to be in place from this fall.

About Beats

Beats Electronics LLC manufactures and distributes headphones under the brand name Dr. Dre. The company is based out of Santa Monica, California.

Source(s)

> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2011 08 > HTC takes 51% in the mobile audio player Beats Electronics
Author: Pallab Jyotee Hazarika, 2011-08-12 (Update: 2012-05-26)