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Apple Confirms It Will Buy Beats for $3 Billion
Apple Confirms It Will Buy Beats for $3 Billion
http://rack.3.mshcdn.com/media/ZgkyM...eats_1.png.jpghttp://rack.3.mshcdn.com/assets/feed...013aed8d66.jpghttp://rack.1.mshcdn.com/assets/feed...3b7fd07c38.jpg Apple confirmed on Wednesday that it will buy Beats Electronics and Beats Music for $3 billion. Apple is buying the two companies for a purchase price of about $2.6 billion and approximately $400 million that will vest over time. Beats cofounders Jimmy Iovine and Dr. Dre will join Apple. Rumors of the acquisition surfaced earlier this month. See also: Top 25 Free iPhone Apps of All Time “Music is such an important part of all of our lives and holds a special place within our hearts at Apple,” Tim Cook, Apple’s CEO, said in a statement. “That’s why we have kept investing in music and are bringing together these extraordinary teams so we can continue to create the most in**vative music products and services in the world.” Read more... More about Apple, Beats, and Businesshttp://feeds.feedburner.com/~r/Mashable/~4/EkHb2Ez2TAg |
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