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Old 05-08-2014, 11:48 PM   #1
spareparts
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Join Date: Sep 2009
Location: Columbia
Posts: 24,449
CockyCash: 1000618
spareparts is USC mascot materialspareparts is USC mascot materialspareparts is USC mascot materialspareparts is USC mascot materialspareparts is USC mascot materialspareparts is USC mascot materialspareparts is USC mascot materialspareparts is USC mascot materialspareparts is USC mascot materialspareparts is USC mascot materialspareparts is USC mascot material
Default Apple buying Beats

http://m.pitchfork.com/news/55117-ap...or-32-billion/

3.2 billion bucks.

Quote:
According to a person close to the source, Apple is said to be in talks to purchase Beats Electronics for as much as $3.2 Billion, the New York Times reports. While negotiations have yet to be confirmed, the source claims that the two companies are currently talking and that a deal, if finalized, could be announced as early as next week-- though it is also possible that the deal could fall apart, the source claims.

If a deal between the two monoliths is confirmed, Apple's 3.2 Billion dollar buy-out would be the biggest acquisition in the company's history. Beats, meanwhile, has become one of the music industry's largest purveyors of high-end headphones since it was founded by Dr. Dre and Interscope co-founder Jimmy Iovine in 2008. (Forbes recently estimated the value of Beats at about $2 Billion.) Recently, the Times points out, Beats initiated a music streaming platform that competes directly with Apple's own iTunes streaming service and other streaming services like Spotify.
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