Beats looks to dump HTC

Beats Buy Out HTC

HTC’s $300 million mistake quickly turned into a $150 million mistake, and now Beats reportedly wants out once and for all. According to The Wall Street Journal, Beats Electronics is in talks with an investor to finance a buy out of HTC’s investment in the company. The talks come as the popular headphone brand prepares to move into several new categories including other consumer electronics and music streaming, as BGR exclusively reported last summer. The Journal’s report notes that Beats hopes to buy out HTC’s 25% stake in the company within the next few weeks.

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