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"Dr Dre has sold a 51% share of his headphones company for \u00C2\u00A3191 million ($310m). The rapper created the Beats By Dr Dre brand in 2008 alongside Interscope-Geffen-A&amp;amp;M Records chairman Jimmy Iovine. Asian smartphone giant HTC has now taken a majority stake in Beats Electronics, describing it as an &amp;quot;exciting brand that&amp;#039;s been built around something very special&amp;quot;. Dr Dre posted a company statement on Twitter saying: &amp;quot;Today marks an incredible day for sound and Beats by Dr Dre. We are announcing a partnership with HTC, one of the world&amp;#039;s leading wireless manufacturers. With this announcement, our two brands are coming together to redefine the smartphone category and redefine the way that sound is heard. &amp;quot;Over the past year, Beats by Dr Dre has continued to evolve from a headphone company to a cultural movement that is redefining the way sound is heard. We have strived to take studio-quality music into the hands of you, our consumers, across the globe. The Beats team, still led by Dr Dre and Jimmy Iovine, will continue to manage Beats autonomously.&amp;quot; Several celebrities have launched their own range of Beats headphones, including Lady GaGa with her Heart Beats and Justin Bieber with his Just Beats. &amp;gt; Jay-Z beats P Diddy, Kanye West to be named hip-hop&amp;#039;s richest &amp;gt; Dr Dre in &amp;quot;final stretch&amp;quot; for Detox Watch Dr Dre&amp;#039;s video for &amp;#039;I Need A Doctor&amp;#039; featuring Eminem and Skylar Grey below:      "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/music/news/a334716/dr-dre-sells-beats-headphones-stake-for-191m/>