HTC announces investment in Beats by Dr. Dre

Andre Yoskowitz
11 Aug 2011 14:44

HTC has announced an investment in Beats Electronics, the headphone maker.

The financials have not been released, but rumor has it HTC has spent around $500 million to purchase a 51 percent controlling stake in Beats.

Founded by Jimmy Iovine and Dr. Dre, Beats has quickly become a premiere name in "high-end audio" performance, as well as a status symbol in headphones.
HTC says Beats will continue to run "as usual," and upcoming HTC devices will include Beats audio technology.

It is unclear whether devices will come with a set of Beats headphones, as well.