Beats Electronics is once again a completely free company.
HTC announced Friday that it has sold off its remaining 25 percent stake in Beats Electronics for $265 million. The move comes after HTC sold back the other half of its stake in Beats for $150 million.
Things sounded much different two years ago. HTC acquired a 50.1 percent stake in Beats in 2011 with plans to incorporate its audio technology into HTC products. Although it did so, neither HTC nor Beats seemed all that pleased to be working together, leading to rumors that the audio company, started by rapper … Read more