HTC Beats crowds but would continue to provide the treatment Beats Audio

Last month, the Wall Street Journal reported that Beats was going to redeem all of its shares to the manufacturer HTC . It is now official,NASDAAQ reports that the Taiwanese, who still held 25% of the company, has just say goodbye against a whopping $ 265 million. For the record, he had initially invested $ 300 million to make Beats principal shareholder in 2011 with 51% share, before giving up the first half a year later. The transaction then was based on the purchase price of the shares concerned, or $ 150 million, despite the growing importance of the company headed by rapper Dr. Dre and Jimmy Iovine that year.

The manufacturer is doing obviously better this time almost doubling the value of its investment.Then difficult to say whether there is actually a bad thing for HTC, whose current financial situation is not the most comfortable. Especially since it would keep Beats confirmed by his side to continue to offer the Beats Audio processing with its upcoming smartphones. For its part, Beats will soon be able to integrate new investors in its loop and begin new projects for which he longs for some time.This should include launch its music streaming service soon, and could turn to automotive equipment. The transaction is expected to close at the end of the year.