It seems like only a few years ago that HTC was flush with cash and had 300 million dollars to spend on things like a speaker company owned by a rapper. Wait that was only a few years ago when HTC spent 300 million to purchase a 50.1% ownership in Beats by Dr Dre. That ownership was very short lived a year later HTC sold back half of it's shares to Beats. According to the latest reports HTC has sold back the remaining 25% interest in Beats for $265 million.
p>While there was no indication on why HTC sold back it's interest in Beats one would have to think HTC simply needed an injection of cash. For those of you worried about Beats audio leaving your HTC devices anytime soon do not... It has been reported that HTC devices will continue to use the beats technology for the foreseeable future.
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