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HTC lowers the volume on Beats, sells back half its stake

Updated Dec 19th, 2018 8:30PM EST
BGR

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In a recent feature, BGR questioned just how much HTC really gained from its $300 million investment in Beats Electronics. Apparently HTC (2498) has been asking itself that very same question, as the company on Saturday announced that it has sold half of its stake back to Beats about a year after its initial investment. HTC will continue to hold approximately 25% of Beats and it retains exclusive commercial rights to use Beats Audio technology in mobile devices. Luckily for owners of other devices, there’s a $70 accessory that will bring the same great sound to just about any phone.

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Zach Epstein
Zach Epstein Executive Editor

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.

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