Monday, July 23, 2012

Sources: HTC did not meet financial obligations to Beats




(Credit: Greg Sandoval/CNET)

HTC's abrupt change in course on Beats Electronics is more about HTC's internal troubles than anything involving the audio company, sources close to the negotiations told CNET.


Last August, Beats, a maker of popular headphones that was cofounded by rapper Dr. Dre and music impresario Jimmy Iovine, sold 50.1 percent of the company to the Taiwanese manufacturer of smartphones and tablets for $300 million. On Saturday, HTC said in a prepared statement that it was selling half of that stake back for $150 million.


Related stories





No comments:

Post a Comment