Beats By Dr.Dre buy back Half of HTC shares in the Audio Company

Today, HTC and Beats By Dr.Dre have announced a realignment of their business agreement. Beats will buy back 25% of the total shares, which will give it about 75% control over the company and leave HTC with around 25%. The deal is purported to give Beats "more flexibility for global expansion", but will still enable HTC to hold onto its commercial exclusivity on the mobile side of things.

HTC & Beats audio made this statement :

"Over the last year, HTC and Beats have made great progress in sound innovation, product integration and brand awareness with successes like the HTC One. HTC and Beats will continue to work closely, including a joint global marketing campaign later this year."

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