Android World Update # HTC sells back remaining stake in Beats by Dre (25%) for $256 million cash injection

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HTC sells back remaining stake in Beats by Dre (25%) for $256 million cash injection Sep 27th 2013, 15:08, by Harrison Kaminsky We all know that HTC is suffering, so this news probably won’t come as much of a surprise: HTC has accepted an offer to sell back the rest of their stake (25%) in Beats by Dre. They had originally purchased 50.1% for $300 million, making HTC the majority shareholder,  but just a little over two years later, HTC is no longer in the picture. The deal should be complete by the end of the year, and it’s a nice cash injection for HTC ($256 million), considering their 3rd quarter projections do not look too good right now. We keep saying we’ll have to wait and see what the future holds for HTC, but right now, it isn’t looking good. Source: Nasdaq Come comment on this article: HTC sells back remaining stake in Beats by Dre (25%) for $256 million cash injection Visit TalkAndroid for Android news, Android guides, and much more!

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