August 11, 2011 03:24 am EDT

HTC to buy a chunk of Beats Electronics, keep Dr. Dre in a lab with a pen and a pad

HTC's been making money hand over fist lately, and it looks like all that cash is burning a hole in its pocket. First, the Taiwanese company bought cloud services firm Dashwire and now it's looking to buy the lion's share of Beats Electronics. For a cool $300 million, HTC plans to up the ante in mobile audio with the expertise of Dr. Dre baked into its future handsets. The deal is set to become final later this year, and we'll see phones packing the big red 'b' this autumn. Feel free to peep the PR while you wait for 'em to drop.

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HTC to buy a chunk of Beats Electronics, keep Dr. Dre in a lab with a pen and a pad originally appeared on Engadget on Wed, 10 Aug 2011 23:24:00 EDT. Please see our terms for use of feeds.

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