It's official... Apple Buys Beats Electronics For $3 Billion

Discussion in 'Mayberry Lounge' started by Ace of Spade, May 28, 2014.

  1. Ace of Spade

    Ace of Spade Purple Belt

    Joined:
    Apr 24, 2009
    Messages:
    1,718
    Likes Received:
    640
    Apple buys Beats Electronics for $3 billion, Iovine and Dr. Dre to join company

    [​IMG]


    Apple has indeed purchased Beats, which includes both Beats Audio hardware and Beats Music, the streaming radio service that was founded by rapper Dr. Dre and longtime music industry exec Jimmy Iovine. The deal was reported to be in the works earlier this month, and was said to be worth an estimated $3.2 billion at the time, thought a recent New York Post report said it was cut to $3 billion after Apple completed its due diligence. The price is indeed $3 billion, with $2.6 billion in cash and $400 million in stock.

    [​IMG]


    Apple typically makes smaller purchases of startups and companies most people have never heard of, so Beats is a considerable change of course for the company. The last really high profile acquisition Apple made was NeXT, back when it bought that company to bring Steve Jobs back into the fold.

    [​IMG]


    Much speculation has been made around what the Beats acquisition brings to Apple, which already has an existing streaming radio business and a very healthy third-party ecosystem when it comes to headphones, Bluetooth speakers and other peripherals. Apple doesn
     
    Last edited: May 28, 2014
  2. TheStruggle

    TheStruggle Yellow Card Double Yellow Card

    Joined:
    Mar 14, 2013
    Messages:
    28,161
    Likes Received:
    29,391
    Location:
    La Jolla, California
  3. FwappyEnding

    FwappyEnding Brown Belt

    Joined:
    Aug 9, 2013
    Messages:
    4,715
    Likes Received:
    7
    Location:
    And the mod won. :(
    Congrats Dre.
     
  4. Cuel And Lewk

    Cuel And Lewk Mr. Cool Hand Luke Ice

    Joined:
    Apr 12, 2007
    Messages:
    64,947
    Likes Received:
    10,226
    Sorry Jay-z
     
  5. FwappyEnding

    FwappyEnding Brown Belt

    Joined:
    Aug 9, 2013
    Messages:
    4,715
    Likes Received:
    7
    Location:
    And the mod won. :(
    Diddy has a sad today too...
     
  6. Zer

    Zer Gold Belt

    Joined:
    Dec 6, 2010
    Messages:
    21,637
    Likes Received:
    56,601
    Should probably tweet this to him as well in case he doesn't read Sherdog
     
  7. Satsui Ryu

    Satsui Ryu Brown Belt

    Joined:
    Feb 13, 2012
    Messages:
    4,957
    Likes Received:
    3,143
    Week late TS.
     
  8. ClubFoot

    ClubFoot Therapy can be a good thing; it can be therapeutic

    Joined:
    Nov 22, 2010
    Messages:
    4,925
    Likes Received:
    4,076
    Dre is a long time lurker
     
  9. Fatt Hughes

    Fatt Hughes Brown Belt

    Joined:
    Mar 7, 2006
    Messages:
    3,769
    Likes Received:
    2,157
    [​IMG]

    Pulled from YLYL. Fitting.
     
  10. Pupi

    Pupi SAVAGE

    Joined:
    Jun 6, 2009
    Messages:
    30,422
    Likes Received:
    6,795
    Location:
    Beyond Space and Time
    Hahaha ^
     
  11. FwappyEnding

    FwappyEnding Brown Belt

    Joined:
    Aug 9, 2013
    Messages:
    4,715
    Likes Received:
    7
    Location:
    And the mod won. :(
    PSSSSH, I already sent him an iMessage bro.
     
  12. SherdogGoat

    SherdogGoat Platinum & Braco Belt Banned

    Joined:
    May 15, 2013
    Messages:
    20,548
    Likes Received:
    24,876
    Location:
    Platinum Nation
    hahaha awesome
     
  13. KOPower24

    KOPower24 Rocky Mountain Belt

    Joined:
    Jun 1, 2010
    Messages:
    2,164
    Likes Received:
    14
    Location:
    Colorado
    Ha!

    Probably close to how the negotiations went down.
     
  14. BJ@LW&WW

    [email protected]&WW Gold Belt

    Joined:
    Jun 3, 2007
    Messages:
    20,792
    Likes Received:
    5,248
    Location:
    LA
    $38? Thats too much.
     
  15. beralin1971

    beralin1971 White Belt

    Joined:
    Apr 28, 2014
    Messages:
    59
    Likes Received:
    0
    Yup. It's still Dre.
     
  16. Talent

    Talent <img src="http://i.imgur.com/NwpFvrR.gif"> Platinum Member

    Joined:
    Jan 17, 2011
    Messages:
    4,256
    Likes Received:
    204
    I swear Dre changes in size all the time.

    [​IMG]
     
  17. Ace of Spade

    Ace of Spade Purple Belt

    Joined:
    Apr 24, 2009
    Messages:
    1,718
    Likes Received:
    640
  18. Blood Python

    Blood Python Silver Belt

    Joined:
    Dec 11, 2006
    Messages:
    10,783
    Likes Received:
    840
    I like how apple stock has been since I purchased a little
     
  19. KOQ24

    KOQ24 Gold Belt

    Joined:
    Oct 5, 2008
    Messages:
    16,889
    Likes Received:
    5,564
    Location:
    Grimmen, Germany
    dre a billionaire now
     
  20. Tigerknee

    Tigerknee Red Belt

    Joined:
    Jun 1, 2009
    Messages:
    8,819
    Likes Received:
    323
    Even though this has been discussed the week it happened, and you should be ashamed TS. I would like to take this time to point out that Im pretty surprised by this move by apple. I don't really see the connection between their product and beats earphones. I can't really see the same people that line up for new iphones and mac books wearing those things
     

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.