Dr. Dre’s Beats Electronics is looking for a way out. It wants to end its partnership with HTC once and for all. The bonding between the two didn’t work out and now a solution to the uneasy friendship is in the pipeline.
Dr. Dre's Beats Electronics Can End Partnership with HTC
Dr. Dre is on the lookout to buy back the 25% share that HTC has in his company, Beats Electronics. This has occurred a year after HTC slashed its shares by half. The breakup of the two giants will free both in their pursuits of what actually interests them. In the capacity of a popular headphone manufacturing company, Beats wants to be rid of the burden that HTC imposes via its share in the firm’s coffers. Beats also wants to bring in a newcomer that will invest in the company’s future thereby providing fresh avenues for growth.
HTC had invested $300 million in Beats in 2012. Beats bought back half of that stake. Today it wants to buy the other half too. The fact of the matter is that the two have had radically different financial results. Beats has become hugely famous and grownwith the times. HTC has meanwhile faced gloomy prospects that have led it down the long and dusty road of failure. It lies in the interest of Beats to let go of HTC if it wants to travel on the path of progress. Beats Electronics was founded by Dr. Dre and Jimmy Iovine and its president is Luke Wood. Its story has been one of wild success and a prosperous future lies ahead for this organization.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.