HTC has been struggling in the smartphone market despite some encouraging HTC One sales. HTC held a 25 percent stake in the popular audio company Beats and that is one of the reasons most of the HTC handsets came with Beats audio. HTC had purchased 50.1 percent of Beats’ shares in 2011 for $300 million. Last year, the music company Beats got back half of that for $150 million and now they have totally got rid of HTC by buying their entire shares back for $265 million.
Continue reading “Beats buys back $265 million of shares and bids good bye to HTC”