Why did Beats buy back stake from HTC?

Earlier this week, we reported that just a year after they sold 50 percent of the company to HTC, Beats Audio had 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 now has a controlling 75 percent stake. Beat's official explanation is that ... [ read the full article ]