Beats seeks new investor, could buy out HTC stake - report

Tom Pakinkis

Beats Electronics is searching for a new investor with a view to buying out HTC’s remaining stake in the company and expand its reach.

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.

Now, the Wall Street Journal reports, that Beats is considering buying out HTC altogether as well as locking ...

Login to access this article

To access this article you need to be a subscriber. If you are a subscriber login below.

Start free Trial

Register for a Music Week trial to access this article. Sign up today and you will receive:

  • 4 weeks access to news, features and chart analysis
  • 4 Digital issues of Music Week
  • The Music Week app
  • Tailored email news alerts
Start your free trial

Subscribe

If you have previously taken a trial you will need to subscribe to access this article.

Subscribe Now
subscribe link free-trial link

follow us...