WSJ: Apple paying $2.5B for Beats Electronics, $500M for Beats Music | iLounge News

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WSJ: Apple paying $2.5B for Beats Electronics, $500M for Beats Music

Apple’s recently announced $3 billion acquisition of Beats breaks down to about $2.5 billion for Beats Electronics hardware and a little less than $500 million for the Beats Music streaming service, the Wall Street Journal reports. The report notes the breakdown “was largely an accounting issue, because the two Beats units are backed by different investors.” However, it does give some insight into the total valuation of Beats. Apple CEO Tim Cook has said in multiple interviews the deal was also about the talent involved, including Beats co-founders Jimmy Iovine and Dr. Dre.

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