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Beats gets investment from Carlyle, HTC sells stake
2013-09-27 17:37:00| Telecompaper Headlines
(Telecompaper) Audio brand Beats Electronics has announced that the Carlyle Group has agreed to make a minority investment in the company. Carlyle will work with the Beats management team to continue expanding the brand and building the business both domestically and internationally. Additional terms of the transaction were not disclosed. It is expected to close in Q4 2013. Beats also announced that it has entered into a definitive agreement to reacquire a minority stake in Beats held by HTC. As a result, HTC will no longer have any ownership in Beats. HTC said it sold a 24.84 percent stake in Beats for a total USD 256 million. It also received USD 150 million from beats to pay off a promissory note.
Tags: investment
sells
beats
stake
Beats Electronics buys back HTC's stake for $265m
2013-09-27 02:00:00| Total Telecom industry news
Taiwanese smartphone company spent $300 million on U.S. headphone maker in 2011.
Tags: back
electronics
beats
buys
SPACE 2013 Beats Records
2013-09-19 02:00:00| ThePigSite - Industry News
FRANCE - The 27th SPACE held from 10 to 13 September 2013 in Rennes beat all attendance records for the number of visitors, in particular foreign visitors, number of exhibitors, size of the exhibition area and number of new products presented.
Tags: records
space
beats
beats records
FedEx Profit Beats Estimates Amid Shift to Ground Shipments
2013-09-18 16:00:25| Air Courier - Topix.net
FedEx Corp. reported first-quarter profit that beat analysts' estimates, bolstered by demand for ground shipping and lower maintenance expenses for new planes at the world's largest air-cargo fleet.
Tags: ground
profit
estimates
shift
China factory output beats estimates
2013-09-10 09:00:16| BBC News | Business | UK Edition
China's industrial production rises more than expected in August, the latest indication that the world's second-largest economy may be on the mend.
Tags: china
output
estimates
factory
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