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.
Beats looks to dump HTC
Published Aug 19th, 2013 7:55AM EDT
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Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
