â€¢By Beats Music
â€¢Posted in News
Apple to Acquire Beats Music & Beats Electronics
CUPERTINO, Californiaâ€”May 28, 2014â€”AppleÂ® 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.
â€œMusic is such an important part of all of our lives and holds a special place within our hearts at Apple,â€ said Tim Cook, Appleâ€™s CEO. â€œThatâ€™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.â€
Source (Read More): http://blog.beatsmusic.com/apple-to-acquire-beats-music-beats-electronics/?awesm=beats.mu_cjOE
Moral Of The Story (Solution)
Good, now on with the show!!!