An interesting rumor is making the rounds regarding HTC and the high-end audio solution it uses from Beats by Dr. Dre. Beats by Dr. Dre is the headphone and audio solution company headed by rapper Dr. Dre. A rumor is circulating claiming that the partnership between HTC and the audio company is coming to an end.
As the rumor goes, the founders of Beats Electronics want to buy out HTC’s remaining stake in the company allowing Beats to bring on new investment partners and expand its range. HTC continues to struggle in the smartphone market and ditching the company would presumably allow Beats by Dr. Dre to partner up with more popular smartphone makers.
HTC owned 50.1% of Beats in mid-2010. HTC sold 25% of its holding back a year later for $150 million. HTC is still the largest shareholder in Beats at this time.
via Digital Trends
Filed Under: Technology News