From: Paul Morris (p-
Sent: 9/27/201311:25:24 AM
To: jeevacation@gmail.com
Classification: Public
CARLYLE INVESTS IN BEATS Beats Electronics, which has drawn in many fans of its colorful, expensive
headphones, has now attracted the support of the Carlyle Group, a top private equity firm, PellBook's Michael di! la.
Mere& rep n1.5..
Beats, which was founded by the music impresarios Dr. Dre and Jimmy !ovine, said on Friday that it secured a minority
investment from Carlyle to help finance growth. Carlyle is paying $500 million, according to a person briefed on the
matter, valuing the music company at more than St billion, Mr. de la Merced reports. The firm will also take two of six
seats on Beats' board. In addition, the audio company will buy back the 25 percent stake in itself held by HTC,
the Taiwanese smartphone company.
Paul Morris
Managing Director
Deutsche Bank Private Bank
345 Park Avenue, 27th Floor
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0100892
CONFIDENTIAL SONY GM_00247078
EFTA01446620