Beats reportedly wants an investor with more money. HTC the Taiwanese manufacturer is apparently set for a permanent split from audio company Beats by Dre, in which it acquired a 50.1% stake for US$300 million in August 2011. HTC was expecting to integrate the Dr. Dre headphones and audio system into its phones and raise its profile in the U.S. market.
The share rates of HTC, the smart phone maker from Taiwan, have fallen by as much as 4% as the reports released on Monday state. The founders of the audio technology firm called Beats Electronics have raised concerns over the strategy of HTC, by means of which they have sold half of their holding back to the audio firm Beats.