Beats Electronics, LLC is the umbrella body of beats by Dre which is a manufacture of Audio products and equipment, with its headquarters in Santa Monica, with Dr. Dre and Interscope records chairman, Jimmy Lovine as its original founders. The company was formed in 2006, launched its first product Beats by Dre student headphones in 2008. In 2010, HTC a leading mobile phone manufacture acquired 50.1% equity in the company with a majority share of $309 million. It later sold 25% equity to the founders while still retaining the largest shareholder with 25.1% stake. This was in an effort to offer ...
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