Apple to acquire Beats Music & Beats Electronics
TweetFollow Us on Twitter

Apple to acquire Beats Music & Beats Electronics


Apple has announced it has agreed to acquire the 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,” says Apple CEO Tim Cook. "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," says Jimmy Iovine. "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."

"Music is such an important part of Apple’s DNA and always will be," adds Eddy Cue, Apple’s senior vice president of Internet Software and Services. "The addition of Beats will make our music lineup even better, from free streaming with iTunes Radio to a world-class subscription service in Beats, and of course buying music from the iTunes Store as customers have loved to do for years."

With the acquisition the Beats product lineup will be offered in many more countries through the Apple Online Store, Apple’s retail stores and select Apple Authorized Resellers. Subject to regulatory approvals, Apple expects the transaction to close in the fiscal fourth quarter.

 
AAPL
$113.10
Apple Inc.
+0.00
GOOG
$535.21
Google Inc.
+0.00
MSFT
$47.01
Microsoft Corpora
+0.00
MacNews Search:
Community Search:
view counter

view counter
view counter
view counter
view counter
view counter
view counter

This Week at 148Apps: January 19-23, 201...
Warm Your Winter With New Apps!   How do you know what apps are worth your time and money? Just look to the review team at 148Apps. We sort through the chaos and find the apps you’re looking for. The ones we love become Editor’s Choice, standing out above the many good apps and games with something just a little bit more to offer. Take a look at... | Read more »
Eggmaster Review
Eggmaster Review By Jennifer Allen on January 26th, 2015 Our Rating: :: BRIEFLY COMPELLINGUniversal App - Designed for iPhone and iPad Tap like crazy to gain eggs, so that you can buy upgrades to gain more eggs, and so on. It shouldn’t be so briefly addictive, but Eggmaster is.   | Read more »
Cloudy Or Dry – Funny Or Die Release a W...
Cloudy Or Dry – Funny Or Die Release a Weather App Posted by Ellis Spice on January 26th, 2015 [ permalink ] iPhone App - Designed for the iPhone, compatible with the iPad | Read more »
Mediocre, the Team Behind Smash Hit, is...
Mediocre, the Team Behind Smash Hit, is Teasing Their Latest Unnamed Project Posted by Jessica Fisher on January 26th, 2015 [ permalink ] | Read more »
Heroes of Gaia Review
Heroes of Gaia Review By Campbell Bird on January 26th, 2015 Our Rating: :: TIMERS OF MIGHT AND MAGICUniversal App - Designed for iPhone and iPad This free-to-play rpg looks a lot like Heroes of Might and Magic, but it’s poor interface and layering of mechanics makes it feel unnecessarily messy.   | Read more »
Choice Provisions is Set to Launch Destr...
Choice Provisions is Set to Launch Destructamundo on iOS This Month Posted by Tre Lawrence on January 23rd, 2015 [ permalink ] Choice Provisions – home stable to | Read more »
King of Thieves – An Interview With Zept...
Ahead of the release of ZeptoLab’s King of Thieves, we were able to ask ZeptoLab’s co-founder, Semyon Voinov, a few questions about the inspiration behind the game and what that means for the Cut the Rope franchise. | Read more »
Handle Review
Handle Review By Jennifer Allen on January 23rd, 2015 Our Rating: :: SPEEDY ORGANIZINGUniversal App - Designed for iPhone and iPad Handle is a very convenient way of juggling your emails, To Do list, and Calendar all through one app.   | Read more »
The New Disney Inquizitive App Offers a...
The New Disney Inquizitive App Offers a Place for Fans to Take Disney Quizzes Posted by Tre Lawrence on January 23rd, 2015 [ permalink ] | Read more »
Hands-On With Cut the Rope Developer Zep...
Marking quite a departure from ZeptoLab’s past successes, namely the Cut The Rope series, King of Thieves is shaping up to be quite promising. Due for release in February, we were lucky enough to have some time with a preview build to see exactly what it’s all about. | Read more »
All contents are Copyright 1984-2010 by Xplain Corporation. All rights reserved. Theme designed by Icreon.