Friday, September 27, 2013

Beats buys remaining shares from HTC - Nutech

Beats the remaining 25 percent of shares bought back from HTC. A U.S. investment company invests simultaneously 500 million in Beats Electronics.

, reports the Wall Street Journal.

A year earlier, in 2012, HTC already sold half of the shares it owned had and now the remaining package of 25 percent at the turn.

Although HTC no longer a shareholder, would continue the partnership with Beats continue. With the most recent sale of the shares for a total amount of 265 million dollars, while a year earlier HTC also received 150 million dollars. HTC also makes significant gains over the deal, since the total package of 50.1 shares for $ 300 million was purchased.

Beats Electronics bought the shares from HTC, but it was announced that the investment company Carlyle takes over an unknown number of shares worth 500 million dollars. almost simultaneously Since this is a minority interest, Beats would have a market value of at least $ 1 billion. Two years ago it was $ 600 million.

the investment will Beats going to try to sell more speakers include laptops but also cars, while trying to set up the fight should go with Spotify.

to a streaming music simultaneously

: NU.nl / Marc Rademaker

Picture: Reuters

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