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For a period, the company was majority-owned by Taiwanese smartphone maker HTC. The company reduced its stake to 25% in 2012, and sold its remaining stake back to the company in 2013. Concurrently, Carlyle Group replaced HTC as a minority shareholder, alongside Dr. Dre and Iovine in late 2013.
Beats by Dr. Dre (Beats) is a leading audio brand founded in 2006 by Dr. Dre and Jimmy Iovine. Through its family of premium consumer headphones, earphones and speakers, Beats has introduced an entirely new generation to the possibilities of premium sound entertainment.
May 28, 2019 · Financial Times may have been the first to report Apple's acquisition of Beats Electronics was a done deal, but Bloomberg, The New York Times and The Wall Street Journal were also quite sure...
Sep 27, 2013 · (Reuters) - Beats Electronics LLC, a maker of headphones founded by rapper Dr. Dre and music producer Jimmy Iovine, will get a $500 million investment from Carlyle Group, a person familiar...
In 2006, Iovine and close friend, hip hop musician Dr. Dre, co-founded Beats Electronics. Two years later, the brand launched its first official set of headphones. [5] In late 2013, they began development for, and in 2014, launched Beats Music, which went on to become the framework for Apple Music. [6]
Who are Beats Electronics’s investors? Access Technology Ventures, Apollo Global Management, HTC, LeBron James, and The Carlyle Group are 5 of 6 investors who have invested in Beats Electronics.
In six years, Interscope records mogul Jimmy Iovine and hip-hop icon Dr. Dre have turned Beats By Dr. Dre headphones into a $1 billion-plus business. Now, together with new president and former...
