Dr. Dre s Beats Electronics gets investment decision from Carlyle

Beats Electronics LLC, launched by U.S. rapper Dr.nDre and tunes producer Jimmy Iovine, said personal fairness firm Carlyle Group LP has agreed to make a minority expenditure in the audio technologies business.nTerms of the transaction have been not disclosed. Nevertheless, a man or woman familiar with the issue, who was not authorized to publicly discuss economic particulars of the deal, explained Carlyle would spend $five hundred million in Beats Electronics, valuing it at over $1 billion.nnEquity for the expense will appear from affiliate marketers of Carlyle Associates V, Carlyle's $thirteen.7 billion U.S. buyout fund.nBeats Electronics also said it agreed to buy back the minority stake held by Taiwanese smartphone maker HTC Corp in the organization.nHTC bought a 50.1 per cent stake in the firm in 2011, but offered 50 percent of it a yr later.nnFounded in 2008, Beats Electronics sells branded headphones, earphones and speakers, as properly as Beats Audio software engineering.

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