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.”
POW!
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I sense a monstrously overpriced “beats by dre” equipped evo phone on the way….
Doc Holiday!
Now that that’s out, good for you n Jimmy’s pockets.
what about us fans?
our equivalent to that deal would be a loaded DETOX album.
we’re waiting, albeit impatiently.
And Detox still doesn’t have a release date. Lmao
detox? that shit never coming out now. dre just retired.
#swag
What a waste of investment!!!!
Overpriced headphones… I see idiots at my gym wearing them trying to show off their waste of money. What an idiot!!
Detox crap is all PR shit.
…that’s nice influx of cold-cash. Good for Dre and Iovine.
Look out, Jay — Dre is gunning for that #1 spot at the top of next years Forbes list.
If he had retained his shares for already 5 more years the company would make him a multi millionaire if not a billionair.
Damn Dre stay winning