Aug 19, 2013

Beats Audio looking to buy HTC's stake in the company

Beats Audio looking to buy HTC's stake in the company

It seems the HTC and Beats Audio partnership will soon be coming to an end. According to the sources at The Wall Street Journal, Beats Audio is thinking of breaking up with its Taiwanese partner by purchasing the latter's stake in the company. HTC currently has 25 percent stake in Beats Audio, which Beats is considering acquiring. Secondly, Beats is also in talks with another investor that can rescue the company from its financial troubles by providing debt financing and possibly take a minority ownership in the company in future.

This means that HTC might soon be losing one of the key features it uses to market its phones.

GSM Arena , Beats Audio looking to buy HTC's stake in the company, Beats Audio looking to buy HTC's stake in the company

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