Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Technology News

 

Beats Buys Back its $265 Million Shares from HTC

Beats Electronics has decided to buy back its shares from HTC to end the 2 years partnership between both companies. Worth $265 million, the stakes form 24.84% of the headphone maker’s total assets.

Sep 27 2013, 9:58am CDT | by

1 Updates
Beats Buys Back its $265 Million Shares from HTC
 
 

YouTube Videos Comments

Full Story

Beats Buys Back its $265 Million Shares from HTC

Beats Buys Back its $265 Million Shares from HTC

There was talk regarding a buying back of shares. Then it turned out to be true. HTC let it be known that Beats Electronics will re-purchase 24.84% of the stocks it had invested thereby ending a two year pact that had proved to be a failure. HTC had bought more than half the share of Beats for $300 million two years ago. Beats Electronics meanwhile is just starting on its journey of success. 

Headphones, speakers, car audio systems and an online music setup are just some of the tangible achievements accomplished by Beats. Its founders, Iovine and Dr Dre are managing the company in an exemplary manner. They even have a new investor in the cards. Meanwhile, HTC has lost over 90% of its fame and glory over the past few years. 

HTC is keeping up appearances. It says it will continue to cooperate with Beats. In a way it is ironic. Nobody expected Beats to be so successful and nobody thought HTC would be a loser. But the tables have turned as the times have shown. 

With some cold hard cash in hand, it remains to be seen how HTC goes about restructuring and revamping its image. The market for smart phones which it wants to enter is a dog-eat-dog world of extremely cutthroat competition. It will have to find a way to survive there.

Source: HTC , Nasdaq 

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

Celebrity Couple Kelli Garner and Johnny Galecki Call it Quits
Celebrity Couple Kelli Garner and Johnny Galecki Call it Quits
The pair have decided to split after more than two years together.
 
 
Leaked iPhone 6 manual shows brand new design
Leaked iPhone 6 manual shows brand new design
The card shows a diagram of all buttons on the Apple iPhone 6
 
 
iPhone 6 &#039;Phosphorus&#039; Component Likely a Barometric Pressure Sensor
iPhone 6 'Phosphorus' Component Likely a Barometric Pressure Sensor
The iPhone 6 has been rumored to include a number of new environmental sensors such as an atmospheric pressure sensor.
 
 
Deion Sanders' School Opens Despite Losing Charter
Deion Sanders' School Opens Despite Losing Charter
Pro Football Hall of Famer Deion Sanders' Prime Prep Academy in Fort Worth, Tex. opened this week despite its location -- in a shopping center across an adult shop -- being disapproved and losing its charter.
 
 
 

About the Geek Mind

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.

Read more about The Geek Mind.