Quote:
Originally Posted by DamianJ
His skills are producing, rapping and finding new artists.
How do you think that would be of any use to Apple. Especially $3b worth of use.
Think about it. What does the company have? Some *really* shit, plastic, ugly headphones. No use to apple. A failed streaming service. No use to Apple. Iovine? Some use to Apple to free up the staff doing the deals with the labels.
None of those things are worth $3b.
Apple traditionally buy small companies for the staff, acqHIREs, as they are known.
I just cannot see what Beats has that is worth that money to Apple. Added to which, Apple keep their cash overseas for tax reasons. Beats is a US company.
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What Beats now has is $3 billion dollars of Apple's money.
The
Los Angeles Times reports that Apple has confirmed they are buying Beats for $3 billion.