Promote Your Attorney Profile on Law.net - Get Found / Earn More!
Watch the Unveiling of the First Macintosh by Steve Jobs 30 Years Ago
Watch the Unveiling of the First Macintosh by Steve Jobs 30 Years Ago
Grooveshark May Be Closing Its Doors
Grooveshark May Be Closing Its Doors
FBI Concerned about New Android, iOS Privacy Settings
FBI Concerned about New Android, iOS Privacy Settings
Butterfly Labs Shut Down by Federal Trade Commission’s Complaint
Butterfly Labs Shut Down by Federal Trade Commission’s Complaint
Legal Job Listings

Apple Agrees to Buy Beats Electronics and Beats Music for $3 Billion

It was announced on Wednesday that Apple has agreed to purchase the streaming music service Beats Music and Beats Electronics, according to Yahoo. The company makes Beats headphones, which are incredibly popular. The company was co-founded by Jimmy Iovine and Dr. Dre. They will join Apple as part of the deal. The two companies will be acquired for $3 billion, with a purchase price of $2.6 billion and $400 million that vests.

“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.”

Jimmy Iovine added, “I’ve always known in my heart that Beats belonged with Apple. 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.”

What

 job title, keywords

Where

 city, state, zip



Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!


Apple’s Senior Vice President of Internet Software and Services, Eddy Cue, said, “Music is such an important part of Apple’s DNA and always will be. 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.”

Apple Agrees to Buy Beats Electronics and Beats Music for $3 Billion by

Tagged: , , , ,

Posted by on May 29, 2014. Filed under Tech & Science News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Insurance Defense Associate
USA-TX-Dallas

Immediate opportunity for two Insurance Defense Attorneys to join an established Dallas law firm.  One position is for a mid-level associate requiring 3 to 5 years expereince, and the other is ju...