+ Reply
Results 1 to 5 of 5

Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.


Thread: IT'S OFFICIAL: Apple Acquiring Beats for $3B

is a discussion within the

Mac News

forums, a part of the

General Apple/Mac

section;
...
  1. #1
    MMi Staff Writer Michael Essany's Avatar
    Join Date
    Aug 2009
    Location
    Valparaiso, Indiana
    Posts
    3,609
    Thanks
    17
    Thanked 1,474 Times in 561 Posts

    Default IT'S OFFICIAL: Apple Acquiring Beats for $3B


    It's official.

    Apple confirmed Wednesday that it will, indeed, acquire subscription streaming music service Beats Music, and Beats Electronics, which makes the Beats headphones, speakers and related audio software.

    Contrary to expectations, Apple issued a formal statement regarding the purchase.

    As part of the acquisition, Apple says, Beats co-founders Jimmy Iovine and Dr. Dre will join Apple. Consistent with market projections, Apple is acquiring the two companies for a total of $3 billion.

    “Music is such an important part of all of our lives and holds a special place within our hearts at Apple,” said Tim Cook, Apple’s CEO. “That’s why we have kept investing in music and are bringing together these extraordinary teams so we can continue to create the most innovative music products and services in the world.”

    “I’ve always known in my heart that Beats belonged with Apple,” added Jimmy Iovine in the same release. “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.”

    More info about the purchase of Beats is expected next week as Apple kicks off WWDC 2014.

    Source: Apple

  2. #2
    My iPhone is a Part of Me desepticon's Avatar
    Join Date
    Feb 2008
    Location
    USA
    Posts
    994
    Thanks
    27
    Thanked 102 Times in 97 Posts

    Why?

  3. #3
    Livin the iPhone Life
    Join Date
    Sep 2007
    Location
    Ireland
    Posts
    1,434
    Thanks
    41
    Thanked 185 Times in 145 Posts

    Biggest waste of $3 Billion in the history of acquisitions.

  4. #4
    Green Apple
    Join Date
    Jul 2008
    Posts
    78
    Thanks
    0
    Thanked 1 Time in 1 Post
    Apple is not innovation they just only buy other company product and make it to their own.

  5. #5
    iPhone? More like MyPhone bigbaba's Avatar
    Join Date
    Aug 2010
    Posts
    150
    Thanks
    1
    Thanked 22 Times in 16 Posts

    Quote Originally Posted by Nerd View Post
    Apple is not innovation they just only buy other company product and make it to their own.
    Kind of like how Apple bought NeXt and turned it into OS X? Or how they used PortalPlayer and Pixo to develop the software for the iPod?

    I think those acquisitions worked out well...

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts