Saturday, September 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Offers iPhone Users 30 GB of Free Storage
New Tizen Device Coming in India
Samsung Launches My Knox App For Latest Mobile Device
Android L To Support Encryption By Default
Microsoft Outlines Basic Elements Of Direct3D 12
New GeForce WHQL Driver Released
Panasonic and Leica Expand Partnership Agreement
Acer Brings 4K2K Displays With NVIDIA G-SYNC to The US
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 Home > News > General Computing > Apple C...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, May 28, 2014
Apple Confirms Acquisitions Of Beats Music And Beats Electronics


After weeks of rumors, Apple on Wednesday confirmed it has acquire headphone maker and music streaming service Beats for for $2.6B and $400M in stock.

The subscription streaming music service Beats Music, and Beats Electronics 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."

"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," said Eddy Cue, Apple's senior vice president of Internet Software and Services.

Subject to regulatory approvals, Apple expects the transaction to close in fiscal Q4.

The deal shows the Cupertino, California-based company is serious about introducing its own music-subscription service. Apple took a step in that direction last year, introducing iTunes Radio, an ad-supported music-streaming service that competes with Pandora.

While Apple?s iTunes remains the world?s largest seller of music, it only offers downloads of single tracks and albums.




Previous
Next
Samsung Starts Mass Producing 32-Layer 3D V-NAND Flash Memory, Its 2nd Generation V-NAND Offering        All News        Samsung Launches Digital Health Initiative
Iranian Hackers Use Fake Social Media Accounts To Spy     General Computing News      Samsung Launches Digital Health Initiative

Get RSS feed Easy Print E-Mail this Message

Related News
Apple's iPhone 6 and iPhone 6 Plus Teardowns
Apple And U2 To Develop New Digital Music Format
Apple Updates Privacy Policy, Delays Healthkit
New iPads And OS X Yosemite Announcements Expected Next Month
Apple iOS 8 Coming On Wednesday
Apple Adds Two-step Verification To iCloud
Apple Lets You Remove U2 Gift Album From iTunes
Pre-orders for New iPhones Top Four Million in First 24 Hours
Apple Enjoys Huge Demand For New iPhone 6 Plus
Apple Unveils iPhone 6, iPhone 6 Plus, Apple Watch And Apple Pay
Gold iPhone 6 Appears Online
Apple Invites Fashion Editors To Press Event

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .