HTC Invests in Beats Electronics
AUG. 11, 2011 • The Taiwan-based smartphone maker HTC Corp is buying a 51% controlling share in U.S. specialty headphone designer Beats Electronics for $309 million. Beats markets enhanced headphones that reproduce a fuller spectrum of audio, and was launched by music producer Jimmy Iovine, and rap artist Dr. Dre. The move is seen as a way to enhance HTC’s products against competition from Apple and Samsung.
.....