, , , , ,

Beats Electronics buys HTC’s 25% Stake In Company Back

dre-htc_0_0

Over the summer, rumors surfaced that Beats Electronics was looking to end its partnership with HTC. It looks like those rumors have panned out, as today Beats has announced it has bought HTC’s stake in them for $265 million. Originally, HTC had a 50.1% stake in the company back in 2011, but that was reduced in 2012 to the 25% stake.

So now HTC has no stake and their partnership is over. No new phones (presumably) will be built with Beats Audio technology, but HTC will probably work on better technology for their speakers. This deal is expected to be closed by the end of this year.

Source: Dow Jones Business News via AndroidCentral