It took a bit longer than expected but Apple today announced that it will acquire both Beats Music, the recently launched music streaming service, and Beats Electronics, makers of music accessories such as the well-known Beats headphones and speakers. The deal is worth US$3 billion, US$2.6 billion in cash and US$400 million in stock that will vest over an unspecified period of […]
Beats Electronics
Apple looking to buy Beats Electronics for US$3.2 billion
A deal that could see Apple buy Beat Electronics is reportedly in the final stages of negotiations. If the last details can be worked out, the deal could be announced as early as next week. According to The Financial Times, Apple would spend US3.2 billion to acquire the premium headphones and music streaming service company founded by music producer Jimmy […]
HTC sells Beats Electronics stake for US$265 million (Updated)
The partnership between HTC and Beats Electronics is no more. The Taiwanese company today announced that it had sold its remaining 24.84% stake in the audio company back to Beats Electronics for US$265 million. HTC aquired a 50.1% stake in Beats Electronics back in 2011 for US$300 million. It later sold half that stake back to company founders Jimmy Iovine […]
Beats Electronics looking to end HTC partnership
HTC announced a strategic partnership and investment with Beats Electronics, the company behind Beats by Dr. Dre, back in 2011. Since then, most HTC smartphones have come with Beats Audio, a feature that HTC used to distinguish its devices from the competition. That partnership may be coming to an end though as The Wall Street Journal reports that Beats Electronics […]
HTC major announcement focused on Beats Electronics investment
HTC CEO Peter Chou took to the stage today to deliver HTC’s promised “major news announcement” today. It turns out that HTC let the cat out of the bag earlier today with its announcement of a strategic partnership and investment with Beats Electronics, the company behind Beats by Dr. Dre. Prior to the announcement, many had expected that HTC might […]
HTC announces investment into Beats by Dr. Dre
Ahead of today’s “major news announcement,” HTC announced a strategic partnership and investment with Beats Electronics, the company behind Beats by Dr. Dre. “The HTC and Beats by Dr. Dre partnership is an opportunity for two world-class companies to redefine the smartphone industry and define the future,” said Jimmy Iovine, chairman of Beats by Dr. Dre and chairman and CEO […]