Yup! The Taiwanese OEM owned the largest stake (50.1%) in a deal costing over $300M in 2010 when the then partner, Monster Cable Products didn’t renew their contract. The purchase was supposed to enable HTC leverage on the Beats brand to compete with other phone makers.
The acquisition then, also granted HTC exclusive rights to the use of the Beats audio system on HTC phones. So you know why some of the HTC phones like the One M7, One M8 had the Beats by Dre branding around them.
What do you guys think?