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HTC to Pay $300 Million for 51% Stake in Beats Electronics

August 10, 2011, 10:06 PM EDT

By Janet Ong

Aug. 11 (Bloomberg) -- HTC Corp. agreed to buy a 51 percent stake in Beats Electronics LLC for $300 million, Winston Yung, chief financial officer at HTC said today.

To contact the editor responsible for this story: Janet Ong at jong3@bloomberg.net

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