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Beats Audio Buys Back Majority Stake from HTC
2012-07-23 05:52:46

redOrbit Staff & Wire Reports - Your Universe Online Struggling Taiwanese cell-phone manufacturer HTC has sold back a portion of its recently-acquired stake in sound-related products and equipment maker Beats Audio, the two companies announced on Sunday. As part of the deal, HTC will sell back half of the stake it owned in Beats, which had been slightly over 50% of the electronics corporation, according to Russ Britt of MarketWatch. The transaction will give Beats 75% ownership and...

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