Apple has confirmed their acquisition of “BEATS Electronics” for $3 Billion. Get the deets on co-founders Dr. Dre and Jimmy Iovine’s revolutionary deal inside…
In what some industry experts have called their “biggest” idea since the iPad
,
Apple spent $3 Billion to acquire Beats in a sweet deal signed by
co-founders Dr. Dre and Jimmy Iovine (shown above with Apple CEO Tim Cook, and Apple SVP Eddy Cue). You'll recall that we first learned about the deal via a boozy video posted on Tyrese’s Facebook page. While some techs feared in unconfirmed reports that the deal may have been sabotaged by the video, Apple released an official statement earlier today confirming the sale.
“Apple announced it has agreed to acquire the critically acclaimed subscription streaming music service Beats Music, and Beats Electronics…As part of the acquisition, Beats co-founders Jimmy Iovine and Dr. Dre will join Apple. Apple is acquiring the two companies for a total of $3 billion, consisting of a purchase price of approximately $2.6 billion and approximately $400 million that will vest over time."
Co-founder Jimmy Iovine said, “I’ve
always known in my heart that Beats belonged with Apple,” said. “The
idea when we started the company was inspired by Apple’s unmatched
ability to marry culture and technology. Apple’s deep commitment to
music fans, artists, songwriters and the music industry is something
special.”
Now that the deal is official, will we all be getting BEATS headphones with the iPhone 6?






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