Friday 27 September 2013

Beats Headphones ends partnership with HTC

Beats Electronics

Popular premium headphone maker, Beats has ended its partnership with Taiwan company HTC after securing minority investment from the Carlyle Group to help finance growth. Carlyle is paying $500 million, according to a person briefed on the matter, valuing the music company at more than $1 billion. It will also take two of six seats on Beats’ board.

Beats electronics will pay HTC a sum believed to be $$265 million to buy out its share


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