Beats has agreed to buy back 25% of its shares from HTC.
HTC acquired 50% of the headphones and speaker manufacturer for $300 million with a potential view to integrating Beats gear into its own devices. A music service was also thought to be on the cards.
However, retailer this month HTC reported a 27% decline in Q2 revenue and a 58% drop in net income.
HTC’s stake in Beats was therefore reduced to 25% with the original owners taking ...
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