May 28th, 2014

Apple Beats Acquisition

After murmurings earlier this month that Apple was looking to drop a few billions on acquiring Beats, Tim Cook n’ friends are finally making things official. Figures are a little smaller than first rumored with Apple reaching into their pocketbook and pulling out $3 billion ($2.6 billion at first, then $400 million over time) for the honor of having full access to the Beats empire.

There was still no mention of exactly what Apple intends on doing with Beats, only their excitement on finally gaining some street cred. The deal isn’t expected to fully close until Q4 of this year and if you feel so inclined, you can check out the full press release via the link below.

[Apple Press Info]

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