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HTC reduced ownership in Beats Audio by 25% – remains exclusive mobile partner

In a surprising move, HTC has announced that it will be reducing its investment in Beats Audio by roughly 25%. The deal will cost $150 Million and will return 24.53% of the company’s shares back to Dr. Dre and Beats’ current CEO Jimmy Iovine. While the official press release talks about providing “Beats with more flexibility for global…