NY Post: Apple to acquire Beats this week for reduced $3B price | iLounge News

News

NY Post: Apple to acquire Beats this week for reduced $3B price

Apple will announce its anticipated acquisition of Beats Electronics this week in a $3 billion deal, the New York Post reports. The initial report on the acquisition pegged the sale at $3.2 billion, but it’s speculated that a recent report which claimed that Beats Music only had 111,000 subscribers in March “may have led Apple’s lawyers to value the firm on a slightly lower basis.” According to one source, “Apple hadn’t even begun its due diligence process when news of the number came out.” Apple declined comment.

« Daily Deal: Rain Design iLevel, only $59

iPad to launch on Japan’s NTT DoCoMo network June 10 »

Related Stories

Comments

If you have a comment, news tip, advertising inquiry, or coverage request, a question about iPods/iPhones/iPad or accessories, or if you sell or market iPod/iPhone/iPad products or services, read iLounge's Comments + Questions policies before posting, and fully identify yourself if you do. We will delete comments containing advertising, astroturfing, trolling, personal attacks, offensive language, or other objectionable content, then ban and/or publicly identify violators.

Commenting is not available in this channel entry.
Sign up for the iLounge Weekly Newsletter

Email:

Recent News

Recent Reviews

Recent Articles

Sign up for the iLounge Weekly Newsletter

Email:

iLounge is an independent resource for all things iPod, iPhone, iPad, and beyond.
iPod, iPhone, iPad, iTunes, Apple TV, Mac, and the Apple logo are trademarks of Apple Inc.
iLounge is © 2001 - 2014 iLounge, Inc. All Rights Reserved. Terms of Use | Privacy Policy