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Title: Apple to buy Beats Electronics for $3.2 billion? Why? Post by: HCK on May 12, 2014, 02:00:40 pm Apple to buy Beats Electronics for $3.2 billion? Why?
<article> <section class="page"> <p> The Financial Times (http://www.ft.com/home/us) is reporting that Apple is in discussions to buy Beats Electronics (http://www.ft.com/intl/cms/s/0/e330e830-d6f3-11e3-b95e-00144feabdc0.html) (caution: paywall), the headphone-maker and streaming-music service-provider co-founded by hip-hop’s Dr. Dre.</p><p> If true, it would—at an estimated value of $3.2 billion—be the biggest acquisition ever by Apple. (The report points out that a $500 million investment in September 2013 valued the company at more than $1 billion.) The Financial Times says the deal, if finalized, could be announced as early as next week. Under its terms, Apple would acquire the Beats streaming music service (http://www.beatsmusic.com/) as well as the audio hardware business.</p><p class="jumpTag"><a href="/article/2153220/apple-to-buy-beats-why.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article> Source: Apple to buy Beats Electronics for $3.2 billion? Why? (http://www.macworld.com/article/2153220/apple-to-buy-beats-why.html#tk.rss_all) |