Apple and Beats Music: What you need to know<article>
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Apple recently announced that it was
acquiring Beats Electronics and Beats Music, the companies known for popular and stylish headphones and an up-and-coming
music subscription service. Here are some of the important details of the deal.</p><p>
<strong>What’s Apple paying for Beats?</strong></p><p>
Apple is paying $2.6 billion initially and, in the future, will vest an additional $400 million.</p><p>
<strong>Does all that money go to the founders?</strong></p><p>
Beats was co-founded by Jimmy Iovine (I-oh-veen) and Dr. Dre (Andre Young), and while they’ll realize several hundred million from the deal not all the money will go to them. Companies such as the Carlyle Group and Universal Music have invested in Beats and will take their cut when the deal is completed sometime in the fourth quarter of this year.</p><p class="jumpTag"><a href="/article/2241981/apple-and-beats-music-what-you-need-to-know.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article>
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Apple and Beats Music: What you need to know
