Wednesday, September 02, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
This Is Google's Redesigned Logo
Instagram Gets New Features
Alliance for Open Media To Deliver Open Standard for Online Ultra High Definition Video
Seagate Develops High Density Mobile Hard Drive Technology, New Portfolio of 8TB Hard Drives
Apple To Work With Cisco On Enterprise Environment; said To Prepare Own Original Programming
Qualcomm Snapdragon 820 Processor To Geature Mobile Anti-malware Technology
WD My Cloud OS 3 Makes Cloud Storage More Personal
Samsung's Circular Gear S2 Smartwatches Unveiled
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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 To Work With Cisco On Enterprise Environment; said To Prepare Own Original Programming
Apple Debuts at the Number Two Spot In Wearables Market, Behind Fibit
Apple To Announce New iPhones In Sept.9 Event
Apple Linked To Automotive Testing Facility
Apple to Delay Live TV Service: report
Apple Said To Host iPhone, iPad, Apple TV Event Next Month
Apple Music Has More Than 11 Million Members
Xiaomi Has Reclaimed Top Spot in China, Huawei Pushes Ahead of Apple
Apple Watch Coming To Best Buy stores
Smartphone Market Posts Year-Over-Year Growth in Q2 2015
Apple Reports Strong iPhone Sales, Watch Sales Still Unknown
Apple App Store, Apple Music Services Partially Down (Updated)

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .