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Beats by Dr.Dre company was founded in 2006, and debuted its first product Beats by Dr.Dre Studio headphones, in late 2008.
In August 2010, mobile phone manufacturer HTC acquired a 50.1% majority share in Beats for $309 million, before selling 25% back to the founders for $150 million, and remaining the largest shareholder with 25.1 percent,in order to provide "flexibility for global expansion while maintaining HTC’s major stake and commercial exclusivity in mobile." The purchase was intended to allow HTC to compete with other cellphone makers. The purchase also granted HTC exclusive rights to manufacture smartphones with Beats-branded audio systems. Despite its majority acquisition, HTC would still allow Beats to operate as an autonomous company. In July 2012, HTC sold back nearly half of its stake in the high-end headphone maker for $150 million. HTC said in an e-mailed statement that it would still be the largest outside shareholder in Beats after the share sale and the two companies would continue to work closely, including a joint global marketing campaign later that year. “HTC and Beats today announced a realignment of their business agreement that provides Beats with more flexibility for global expansion while maintaining HTC’s major stake and commercial exclusivity in mobile. Under the terms of the agreement, the founding members of Beats will buy back 25 percent of its total shares for a total of approximately 75 percent ownership, with HTC remaining the largest outside shareholder with approximately 25 percent,” HTC said in the statement.
On January 12, 2012, BusinessWeek reported that Beats and Monster would not renew their production contract and would be ending their partnership by the end of 2012. Monster had begun to market its own line of headphone products at the start of the year, aiming towards an older demographic, women, and business professionals.
In March 2012, reports surfaced that Beats was planning to acquire the online music service MOG. The acquisition was officially confirmed on July 2, 2012, reported to have been between $10 to $16 million. Beats chose to acquire MOG due to its use of high quality streams for its music library—which supports Beats' aim to create "a truly end-to-end music experience." The acquisition did not include the company's blog and advertising network, the MOG Music Network, which was sold in a separate transaction to the radio and online media company Townsquare Media in August 2012.
On August 2013 they gave "Project Daisy" a name called Beats Music they are planning to hit 1.4 Billion in 2013 revenue.
WASHINGTON, Aug. 29 (Xinhua) -- The fifth U.S. guided missile destroyer, USS Stout, is to arrive in the eastern Mediterranean near Syria later Thursday, U.S. media reported.
USS Stout was originally intended to relieve one of the four destroyers already in the area, said WTKR-TV, which serves the Norfolk, Va. area, where the ship was based.
However, due to the rapidly evolving situation in Syria, the Navy has delayed the departure of the relieved ship, which means the four destroyers, USS Gravely, USS Mahan, USS Barry and USS Ramage, will all remain in the Mediterranean Sea, the report said.
All five destroyers have cruise missile capabilities.
Reports have indicated President Barack Obama could order a limited military strike against Syrian targets, utilizing Tomahawk cruise missiles aboard the destroyers.
In addition to the destroyers, U.S. Navy also has two aircraft carriers near Syria -- USS Harry S. Truman and USS Nimitz both in the Gulf region. USS Truman was initially scheduled to relieve USS Nimitz, but reports quoted defense sources as saying the departure of USS Nimitz has been delayed.