Friday, April 26, 2024

Can Beats by Dre team rewind HTC deal?

Dr. Dre, left, and Jimmy Iovine, right, pictured here with Lady Gaga, are founders of Beats Electronics,which is now reportedly looking to buy back its stake from HTC and find an investor that will help it grow. s_bukley / Shutterstock.com
Dr. Dre, left, and Jimmy Iovine, right, pictured here with Lady Gaga, are founders of Beats Electronics,which is now reportedly looking to buy back its stake from HTC and find an investor that will help it grow. s_bukley / Shutterstock.com

As it looks to expand beyond its now ubiquitous Beats by Dre headphones, Beats Electronics is reportedly looking to buy out HTC Corp.’s stake in the company and find a new investor in order to fund growth. To do so, though, it needs to prove that the company’s prime product is not just a fleeting trend but a brand that can play more widely in the audio industry.

To read the full story visit: upstart.bizjournals.com

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