HTC buying stake in Dr. Dre headphone maker

August 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: HTC's Dopod deal seen as positive for IPO

0 shares

Related Stories

Taiwan's HTC beats six-month sales forecasts

July 6, 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.

Smartphone maker HTC invests in UK, US firms

February 8, 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.

Recommended for you

Software turns smartphones into tools for medical research

July 27, 2015

Jody Kearns doesn't like to spend time obsessing about her Parkinson's disease. The 56-year-old dietitian from Syracuse, New York, had to give up bicycling because the disorder affected her balance. But she still works, drives ...

Where is solar power headed?

July 22, 2015

Most experts agree that to have a shot at curbing the worst impacts of climate change, we need to extricate our society from fossil fuels and ramp up our use of renewable energy.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.