Headphone maker Monster Products Inc said it is planning to raise up to US$300 million in an initial coin offering, a fund-raising strategy in which a company creates a token, or digital currency, and sells it to the public.
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Beat out of a windfall?
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.
Australian report says 40 jobs will be lost