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HTC to Acquire Majority of Beats, Maker of Dr. Dre Headphones

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Mr_Dupri

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BY ETHAN SMITH

HTC Corp., the Taiwan-based telephone maker, said Thursday it is planning to pay about $300 million for a 51% stake in a company that makes high-end headphones bearing the name of superstar music producer Dr. Dre.
The headphones are made by Beats Electronics LLC, a venture involving Dr. Dre, whose given name is Andre Young, Interscope records and its chairman, Jimmy Iovine. Interscope is part of Vivendi SA’s Universal Music Group. The headphones are built for Beats by electronics company Monster …

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