Beats By Dre Looks to Drop HTC
The maker of the popular Beats by Dr. Dre headphones is looking to buy out its Asian partner and bring in a new investor that can provide it with fresh funds for growth, people familiar with the matter said.
The moves come as the founders of Beats Electronics LLC — music mogul Jimmy Iovine and American hip-hop producer and artist Andre Young, better known as Dr. Dre — are broadening the company’s business from headphones to include speakers, audio systems in cars and consumer electronics and a soon-to-be-launched online streaming music service.