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Title: Apple's Beats unit sued by Monster over headphone deal Post by: HCK on January 07, 2015, 09:00:16 pm Apple's Beats unit sued by Monster over headphone deal
<article> <section class="page"> <p> Apple’s Beats Electronics and its cofounders have been sued in a U.S. court for allegedly easing out headphones developer Monster from a partnership ahead of the 2014 acquisition by the iPhone maker.</p><p> Describing a 2011 investment by HTC in Beats as a “sham transaction,” Monster and its founder Noel Lee have alleged that the deal was used by Beats to invoke a clause in its contract with Monster to end the partnership while retaining all rights to the headphone technology.</p><p> HTC, which has also been named as a co-defendant in the complaint filed Tuesday in the Superior Court of California, San Mateo County, acquired a majority stake in Beats for about US$300 million, with the plan to use the headphones technology with its mobile phones. (http://www.techhive.com/article/237844/htc_invests_in_beats_for_better_smartphone_audio.html)</p><p class="jumpTag"><a href="/article/2866312/apples-beats-unit-sued-by-monster-over-headphone-deal.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article> Source: Apple's Beats unit sued by Monster over headphone deal (http://www.macworld.com/article/2866312/apples-beats-unit-sued-by-monster-over-headphone-deal.html#tk.rss_all) |