Dr Dre finds his pockets a little more heavily lined, as this week it was announced that Taiwanese phone maker HTC has acquired 51% of Dre’s Beats Electronics For $300 Million
“When Jimmy and Dre started this, they had a very specific vision of what Beats would be,” said Beats Electronics president Luke Williams. “It wasn’t about headphones, it was about fixing the degradation of sound.”
HTC Chief Executive Peter Chou said, “This will give us opportunity to innovate, they really would like to deliver studio-like sound quality.”
