HTC's 25% stake in Beats Electronics was sold back to the company for $265 million; the Taiwan based manufacturer had originally owned 50.1% of the company, a purchase made at the top of the market in 2011. A year later, Beats founders Jimmy Iovine and Dr. Dre had purchased half of HTC's majority ownership back...Source: http://www.phonearena.com/news/Its-official-Beats-buys-back-HTCs-stake-in-the-company_id47796
