As anticipated, Apple has acquired Beats Electronics for $3 billion, which is less than the $3.2 billion sticker price originally attached to the luxe headphone maker. The move is widely seen as one purveyor of expensive, glitzy electronics purchasing another purveyor of expensive, glitzy electronics. Perhaps more importantly, Apple is also purchasing the architecture of a budding streaming-music service--Beats Music--which is an area where Cupertino has historically been lackluster.
Posted on: Wed, 28 May 2014 21:11:36 +0000