•By Beats Music
•Posted in News

Apple to Acquire Beats Music & Beats Electronics

CUPERTINO, California—May 28, 2014—Apple® today announced it has agreed to acquire the critically acclaimed subscription streaming music service Beats Music, and Beats Electronics, which makes the popular Beats headphones, speakers and audio software. As part of the acquisition, Beats co-founders Jimmy Iovine and Dr. Dre will join Apple. Apple is acquiring the two companies for a total of $3 billion, consisting of a purchase price of approximately $2.6 billion and approximately $400 million that will vest over time.

“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.”

Source (Read More): http://blog.beatsmusic.com/apple-to-acquire-beats-music-beats-electronics/?awesm=beats.mu_cjOE

Moral Of The Story (Solution)

“APPLE-B’s” – Status Symbols Are What The Apple/Beats Acquisition Is Really All About #StreetCred

(Repost)Dr. Dre Enters the Consumer Electronics Game – First Billionaire In Hip Hop 2014 Status Upgrade

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