Beats receives $500m investment, buys out HTC stake - report

RHIAN JONES

Beats Electronics LLC (Beats) has received a minority investment from US based private-equity firm the Carlyle Group and is now buying out HTC’s remaining stake in the company.

Taiwanese tech company HTC bought a majority stake in Beats in August 2011 for around $300 million, however, after declines in in sales revenues and profits, HTC sold nearly half of its stake back to Beats last year.

The definitive agreement will see Beats reacquire the remaining minority stake held by HTC ...

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