HTC selling back its stake in Beats Electronics for $265 million

Jamie Feltham

September 27, 2013

Did you know HTC had a 24.84 per cent stake in Beats Electronics? No? Well don’t worry, because they don’t have it anymore.

The struggling Taiwanese company has announced that it will be selling back that sizeable share of Beats for as much as $265 million. It was just two years ago then the company bought a 51 per cent stake and started using its technology in its own devices. As we all know, HTC has fallen on hard times since then, with the company’s struggling handsets seriously struggling to keep up with ites competitors.

So why sell? Well the company’s currently bleeding money, and this helps them stock on much-needed cash, if only for the short term.What this means for the future of the company’s audio and how it’s integrated into upcoming smartphones (like that oh-so-leaked HTC One Max), is unknown.

Source: Bloomberg

About the Author

Jamie Feltham

Videogamer, music listener, squash player, exerciser, technology journalister. Multimedia journalism graduate, writing for the What Mobile mag and website

Share this article

More Stories

Aturan Permainan DominoQQ utk Pemula

You’ve all cast your votes in yet another telling What Mobile poll, but this time, it seems the majority of you have unanimously decided that the iPhone 5s is the far more superior handset. The iPhone 5c, which was hotly tipped to be the cheaper iPhone, only managed just 24.2% of the votes, compared to […]

News - Jordan O'Brien

September 27, 2013

ZTE prepping Nubia launch soon, Snapdragon 800 inside

ZTE is one of those smartphone brands you may never here about, but is positivity thriving in other regions of the world. Its business in the East has kept it running healthy, competing with the likes of Huawei, Lenovo and even Sony. Now the company’s looking to launch the first in its flagship series of […]

News - Jamie Feltham

September 27, 2013

Lock screen bug fixed in iOS 7.0.2 update

There have been a few hiccups to iOS 7’s launch this past week, the most notable of which was a bug that allowed people access to some of the contents of a locked phone. The process involved following a rather specific set of instructions, and once through there were only certain apps that could run […]

News - Jamie Feltham

September 27, 2013

HTC One Max to launch on October 15?

The HTC One Max has leaked enough to empty the ocean, but it looks like this latest one brings hopes that the rest will soon stop as, well, the phone will be out. We’ve heard about the rumoured devices new camera and possible fingerprint scanner, and now Chinese social network Weibo is suggesting that it […]

News - Jamie Feltham

September 27, 2013