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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 Purple Belt

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    Apple buys Beats Electronics for $3 billion, Iovine and Dr. Dre to join company

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    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.

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    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.

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    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 Yellow Card Double Yellow Card

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  3. FwappyEnding Brown Belt

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    Congrats Dre.
     
  4. Cool Hand Luke Cool Hand (Just the Flu)ke

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    Sorry Jay-z
     
  5. FwappyEnding Brown Belt

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    Diddy has a sad today too...
     
  6. Zer Gold Belt

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    Should probably tweet this to him as well in case he doesn't read Sherdog
     
  7. Satsui Ryu Black Belt

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    Week late TS.
     
  8. ClubFoot Therapy can be a good thing; it can be therapeutic Platinum Member

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    Dre is a long time lurker
     
  9. Fatt Hughes Brown Belt

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    [​IMG]

    Pulled from YLYL. Fitting.
     
  10. Pupi SAVAGE

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    Hahaha ^
     
  11. FwappyEnding Brown Belt

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    PSSSSH, I already sent him an iMessage bro.
     
  12. SherdogGoat Platinum & Braco Belt Banned

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    hahaha awesome
     
  13. KOPower24 Rocky Mountain Belt

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    Ha!

    Probably close to how the negotiations went down.
     
  14. [email protected]&WW Gold Belt

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    $38? Thats too much.
     
  15. beralin1971 White Belt

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    Yup. It's still Dre.
     
  16. Talent <img src="http://i.imgur.com/NwpFvrR.gif"> Platinum Member

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    I swear Dre changes in size all the time.

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  17. Ace of Spade Purple Belt

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  18. Blood Python Silver Belt

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    I like how apple stock has been since I purchased a little
     
  19. KOQ24 Gold Belt

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    dre a billionaire now
     
  20. Tigerknee Red Belt

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    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
     

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