Wednesday, August 17, 2011

Dr. Dre Sells Shares of Beats Electronic For $300 Million!!!!!

Talk about money making moves!!!!!! Dr. Dre has sold 51% of his shares in his audio company Beats Electronic to Taiwanese company HTC, popular for their mobile devices.
The Wall Street Journal reported that the company was acquired to improve the sound quality on phones, music, video games and movies for HTC.

Although HTC has acquired over half of the company, Dr.Dre and Jimmy Iovine will still run the entire company.

“When Jimmy and Dre started this, they had a very specific vision of what Beats would be. It wasn’t about headphones, it was about fixing the degradation of sound.”
-Luke Williams, President of Beats Electronic's


Here are some other great deals made by smart business men in the hip-hop industry

Fifty Cent to Feed The World With Energy Shot

Ray J To Pen Relationship Book

SoJones Founder Plans To Sell Hip Hop Brand Domain!!!!!

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