HTC is set to acquire a stake in Beats by Dr. Dre headphones
We are part of The Trust Project What is it?
The phone manufacturer is expected to buy a 51% share in the brand, which includes Beats by Dre, for $309 million

HTC is set to buy a 51% share in Beats Electronics, the company responsible for the massively successful Beats by Dr. Dre headphones.

The company expects to close the deal later this month and HTC products incorporating the technology are naturally predicted to follow.

Beats Electronics has already partnered with the likes of Dr. Dre, Lady Gaga and Justin Bieber on headphones, while Beats by Dr. Dre sound has in turn been incorporated in to HP laptops.

The company was founded by Jimmy Iovene, who is also chairman of Interscope Records, and Dr. Dre, better known as a music producer.

HTC has invested in five companies this year, including Onlive, an on-demand game service, and Saffron Digital, a digital media delivery company.

More after the break

Follow on Twitter.Join us on Facebook.