This time around, HTC plans to announce a 300 million U.S. Dollar investment into Beats by Dr. Dre, progressive audio peripheral company that captured a lot of market and mind share over the past couple of years.Source: BSN
While S3 Graphics was purely an IP deal, as the company holds a lot of patents in the graphics space which will enable HTC to countersue Apple and a lot of other companies, this investment is solely targeted in expanding the features of their smartphone lines and bring serious level of audio innovation into the field.
Under the investment deal, HTC will take over 51% of the company, which will remain autonomous, under the lead of Jimmy Iovine as Chairman and Luke Wood as President and CEO.
HTC buys majority stake in Beats by Dr. Dre
Posted on Monday, August 15 2011 @ 23:19 CEST by Thomas De Maesschalck