Beats buys back 25% of shares from HTC

Tom Pakinkis

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 ...

Login to access this article

To access this article you need to be a subscriber. If you are a subscriber login below.

Subscribe

If you have previously taken a trial you will need to subscribe to access this article.

Subscribe Now
subscribe link free-trial link

follow us...