HTC buying stake in Dr. Dre headphone maker

Aug 11, 2011

(AP) -- Taiwanese smartphone maker HTC Corp. says it will pay about $300 million for a 51 percent stake in the U.S. maker of Dr. Dre headphones.

HTC said Thursday its alliance with Dr. Dre's Beats Electronics LLC will provide a "flawless listening experience for our customers."

The high profile music producer founded Beats Electronics in 2006. The company's headphones cost as much as $600.

The Taiwanese company's acquisition is likely aimed at improving its brand profile and securing a bigger of the high-end smartphone market.

is a leading handset manufacturer that is best known for its Android-based smartphones.

Explore further: Are Silicon Valley tech giants real innovators or spoilt rich kids?

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Smartphone maker HTC invests in UK, US firms

Feb 08, 2011

Taiwan's leading smartphone maker HTC said Tuesday it plans to acquire a British digital multimedia company and invest in a US online gaming firm as part of a bid to expand its software business.

Taiwan's HTC beats six-month sales forecasts

Jul 06, 2010

Taiwan's leading smartphone maker High Tech Computer Corp (HTC) said Tuesday its sales in the six months to June had soared 41 percent from a year ago, beating analysts' expectations.

Recommended for you

Turner channels removed from Dish amid pact spat

21 hours ago

Channels such as Cartoon Network and CNN are no longer part of Dish's programming lineup as a deadline has passed for the satellite TV provider and Turner Broadcasting to renew their distribution agreement.

Verizon reports higher 3Q net income, revenue

22 hours ago

Verizon Communications Inc. on Tuesday reported higher net income and revenue in its third quarter, helped by strong wireless subscriber growth and demand for its high-speed FiOS Internet services.

User comments : 0