Feeds

HTC disses Dr Dre by diluting Beats deal

Reduces investment in hip hop headset house

3 Big data security analytics techniques

Taiwanese handset maker HTC has pulled around half of its stake in Beats Electronics, the audio kit maker co-founded by US hip hop star Dr Dre, less than a year after buying a 51 per cent majority share in the company.

HTC said in a Taiwan Stock Exchange filing that it sold 25 per cent of its stake in the company for $150m.

That leaves it as the largest shareholder with just over 25 per cent, with the remainder back in the hands of the company’s founders, Dr Dre and CEO Jimmy Iovine.

An HTC statement sent to Taipei Times had the following:

HTC and Beats today announced a realignment of their business agreement that provides Beats with more flexibility for global expansion while maintaining HTC’s major stake and commercial exclusivity in mobile.

The rather abrupt move has had many commentators scratching their heads.

The Taiwanese handset maker announced in August 2011 that it was buying into Beats for around $300m, in a deal which it hoped would give it a competitive edge by boosting the audio capabilities of its smartphones.

It didn’t hang around, incorporating Beats technology into the Sensation XE in September, the Sensation XL soon after and the One Series this year, without ever setting the industry on fire.

The firm cut the ribbon on a new Taipei HQ in June but it will need more than that if it’s to turn around its business in the face of increasing competition from Apple, Samsung and others, a slowdown in spending in Europe and continued legal troubles with Apple which delayed sales in the US earlier this year.

HTC is yet to respond to a request for further comment. ®

Top three mobile application threats

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.