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HTC To Buy 51% Of Jimmy Iovine & Dr. Dre’s Beats Electronics For $309 Million

By / 08.11.11

Dr. Dre may have maxed out on the recently released 2011 Hip-Hop’s Cash King list at #6, yet his latest business scheme may lead him to the top of next year’s list. HTC, makers of smartphones such as The Dream and Evo, are in talks with Interscope honcho Jimmy Iovine and Dr. Dre to purchase over half of their shares for the Beats By Dre line. If all goes as planned, the two could see a hike in their bank vaults by $309 million and an understandable motivation never to work again.

That sure is a lot of daytime minutes. And the speakerphone option in these future phones will never be the same.

[Forbes]


TAGSBEATS BY DREDigital Newsdr. dreHEADLINESHTCJimmy IovineSMOKE BREAKSpotlight

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