Beats Audio already buys back most of their stake from HTC

Just a year after they sold 50 percent of the company to HTC, Beats Audio has bought back 25 percent of that stake. HTC originally purchased their 50 percent stake for $300 million, and Beats bought their 25 percent share back at the same equivalent price, $150 million. Beats will now have a controlling 75 percent stake. Beats says it will now have "more flexibility for global expansion." ... [ read the full article ]