HTC Pays $300M For Control Of Dr. Dre Headphone Biz

Law360, New York (August 11, 2011, 1:01 PM EDT) -- HTC Corp. said Thursday it would pay $300 million for a controlling stake in Beats Electronics LLC, rap icon Dr. Dre's high-end headphones business, as the electronics giant seeks to boost the sound quality — and hipster appeal — of its smartphones.

The investment will give HTC 51 percent control over Beats Electronics, the Taoyuan, Taiwan-based buyer said.

“We are teaming up to create an innovative and unique mobile experience. We are planning to bring studio sound quality to the palm of your hand,” HTC CEO...
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