Beats Audio witch is owned by Dr. Dre the famous raper and producer is buying back their shares from HTC. In 2010 the Taiwan company bought 51% of shares from Beats Audio, witch aloud them to use their technology in smartphones. Many of the flagship HTC smartphones are equipped with Beats Audio, such as their new flagship phone HTC ONE.
Last year HTC ownership reduced to 25% and now according to the Wall Street Journal, Beats Audio is buying their shares back so they can have full ownership of the company. To buy 25% of shares will cost them $150 million.
What Beast Audio plans for the future is still not known. Will they stop implementing their technology in HTC smartphones. It's no secret that HTC is in some serious financial trouble and the new flagship smartphones didn't help much. Maybe they will continue to work with HTC but they also want to work with other companies.
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