HTC has liquidated its stake in Beats Electronics - ZDNet

Business: HTC’s ambition to offer “unparalleled” on its smartphones is a distant memory and the manufacturer has sold its 25% stake in capital Beats.

End of the road between HTC and manufacturer Beats Electronics headphones and speakers. Asian handset maker has indeed sold all the shares it already owned, 25% stake in Beats.

With this financial transaction, HTC will pocket $ 265 million. The sale of the stake was approached several weeks now. In late August, the WSJ reported the willingness of Beats Audio to end its partnership with HTC and to redeem 25%.

rapprochement between HTC and Beats will therefore ultimately lasted two years with a majority stake in August 2011 and then announced the strategy for the smartphone manufacturer to offer “unparalleled sound” on its devices.

These ambitions have since been revised and the position of market HTC has been upset by the competition, and also by new terminals greeted by freshly consumers. Consequence of financial results quarter after quarter mast

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