Dr. Dre Sells 51% of Dre's Beats Electronics To HTC For $300 Million

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Props Slaps
 08-11-2011, 02:43 AM         #1
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Millerionaire87 
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Dr. Dre Sells 51% of Dre's Beats Electronics To HTC For $300 Million
 

 

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(AllHipHop News) Super producer Dr. Dre and his company Beats Electronics will sell a 51% stake of the company to Taiwanese telephone maker HTC for $300 million dollars.

Beats Electronics is a venture between Dr. Dre, Jimmy Iovine and Interscope Records.

The company specializes in making high end headphones, which are customized for a variety of pop stars, who sell them to their fan base.

In addition to the Beats by Dre line, Beats Electronics has made headphones for artists such as Lady Gaga, Justin Bieber and others.

According to the Wall Street Journal, the company was acquired to improve the sound quality on phones, music, video games and movies for HTC.

“This will give us opportunity to innovate,” HTC Chief Executive Officer Peter Chou said.

Dr. Dre and Jimmy Iovine will continue to run Beats Electronics.

“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.”


[pic - click to view]

 AllHipHop.com Daily News - : HTC Acquires 51% of Dre's Beats Electronics For $300 Million

48 comments for "Dr. Dre Sells 51% of Dre's Beats Electronics To HTC For $300 Million"

 08-11-2011, 02:46 AM         #2
Satire  OP
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thats a lot of money
 08-11-2011, 02:47 AM         #3
Millerionaire87  OP
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 Satire said:
thats a lot of money
ALOT !!!!!....him and jimmy madd rich now...so i guess Dre gon be #1 on the Forbes List next year
 6 years ago '08        #4
Arson 84 heat pts84
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$40,104 | Props total: 23318 23318
they updated the story

Dre also said that Detox was postponed indefinitely stating, "300 Million gives me free reign to not give a fu*k"
 6 years ago '06        #5
STILL.DETOX|m 704 heat pts704
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 6 years ago '10        #6
Fly Elroy 321 heat pts321
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daaaaamn

dre breaded up. how much outta that 300 mil he gettin tho since its a joint venture with jimmy iovine?
 08-11-2011, 02:56 AM         #7
KillahhCamm  OP
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:agreement6: huge move by Dre, HTC+Beats gon be a crucial combo
 6 years ago '06        #8
Hussle 36 heat pts36
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300mill? is that all into his pocket or??
 08-11-2011, 03:00 AM         #9
Millerionaire87  OP
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 ondatpurple said:
daaaaamn

dre breaded up. how much outta that 300 mil he gettin tho since its a joint venture with jimmy iovine?
well him and jimmy are the front runners of the brand but you know that they have ALOT of hands involved with the whole beats by dre products so dont think that dre and jimmy splitting 300 mil 50/50...but best believe he gon walk away at atleast 50mill or even more...who knows !
 08-11-2011, 03:02 AM         #10
Millerionaire87  OP
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 Hussle said:
300mill? is that all into his pocket or??
come on mann think logical for once...you know damn sure 300 mill aint going in Dre pockets !
 6 years ago '04        #11
killadre 229 heat pts229
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$20,470 | Props total: 16285 16285
So Beats electronics is worth $600 million dollars? Damn...
 08-11-2011, 03:04 AM         #12
Millerionaire87  OP
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 Dat n*gga87 said:
So Beats electronics is worth $600 million dollars? Damn...
i guess...that sh*t is world wide !
 6 years ago '06        #13
Hussle 36 heat pts36
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 Millerionaire87 said:
come on mann think logical for once...you know damn sure 300 mill aint going in Dre pockets !


well the thread title was "DR.DRE sells 51% to HTC for 200mill"


so i a.ssumed Dre pocketed 300mill
 6 years ago '10        #14
Rebirth46 59 heat pts59
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dre gon get like 70-80mil of that sh*t and still got 49% of the company yup I would say fu*k Detox or better yet pay Jay and snoop to write the whole album and have storch piano over my drums and call it a day.......................DreDay
 6 years ago '10        #15
Shhon 850 heat pts850
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 Dat n*gga87 said:
So Beats electronics is worth $600 million dollars? Damn...
 6 years ago '10        #16
LORD PLISSKEN 15 heat pts15
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$21,017 | Props total: 8022 8022
 6 years ago '09        #17
ShadyVsEminem 244 heat pts244
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 Millerionaire87 said:
i guess...that sh*t is world wide !
Exactly, i dont know if the headphones are good or bad but they are very popular and they are expensive so its bound to be a company thats worth a fair bit of money. Its one product having a big name attached definitely helped
 6 years ago '06        #18
SM 38163 heat pts38163
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$127,792 | Props total: 67105 67105
:wow:
 08-11-2011, 07:23 AM         #19
deLeet  OP
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This sh*t cray!!
 08-11-2011, 07:30 AM         #20
Silver N Black  OP
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damn! I remember when I first read that Monster was teaming up with jimmy & dre (about 2007). Then Interscope started to pimp all their videos with Beats headphones.

Dre won.
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