Just In
- 2 hrs ago Apple WWDC 2024 kicks off on June 10: iOS 18, New Developments in AI, and More Expected
- 12 hrs ago Realme GT Neo 6 SE with 1.5K OLED Display, Snapdragon 7+ Gen 3 SoC Launching in April
- 13 hrs ago iQOO Pad 2 Launch on Cards; 66W Fast Charging, 144Hz Display Tipped
- 14 hrs ago Apple Pencil with iPad and Vision Pro Support in the Works: Report
Don't Miss
- Sports ‘Igor Stimac Out!’ Fans Lose Faith In Croatian After India's Catastrophic Loss Against Afghanistan In Guwahati
- Finance 1:3 & 2:1 Bonuses: Smallcap Engineering Stock Gives 210% Returns; Wins Largest-Ever Turnkey EPC Order
- Movies Khatron Ke Khiladi 14 EXCLUSIVE: Did Manisha Rani SIGN Contract For KKK 14? Here's The TRUTH
- News Government Extends Onion Export Ban In Run-Up To Lok Sabha Polls
- Lifestyle Skinny Jeans Trend Of 2024: 7 Tips To Wear And Style The Wardrobe Essential
- Education SPMCIL Technician Recruitment 2024; Application process, Salary details and more
- Automobiles Hero MotoCorp Unveils Pleasure Plus Xtec Sports Variant With Unique Design
- Travel Learn About the Types of US Visas Available for Indian Immigrants and the Visa Process
Apple Finalizes Beats Electronics Deal For $3bn: Says 'It's all about music'
Finally the news we have all been waiting for. According to what the reports are stating, Apple has finally sealed its biggest ever acquisition with the $3bn purchase of Beats Electronics. The new deal will now offer a brand new pedestal to Apple is areas of Digital Streaming.
The tech giant said on Wednesday that it is buying Beats Electronics LLC for $3 billion in order to bolster its music business that hasn't really kicked off in recent times, especially with several other streaming-music services now catching up on a department that was once dominated by Apple's iTunes service.
"It's all about music," Mr Cook told the FT at an interview in the company's Cupertino headquarters. Mr. Cook also added that Beats co-founders Jimmy Iovine, the music producer, and Dr Dre, the hip-hop legend, were "kindred spirits". With the new deal, both Mr Iovine and Dr Dre will join Apple.
"We've known them a long time," Mr Cook said. "We've gone from dating to going steady . . . now we're getting married."
Recommended: Top 10 Recently Launched Micromax Smartphones To Buy in India
Now with Beats at its side, Apple will be on the front seat for a music-streaming service, high-end headphones and other high-end music-industry connections.
Recommended: Samsung Galaxy Tab S 10.5 Tablet Spotted On Official Site
The deal basically comprises of $2.6bn in cash and about $400m in Apple stock, which will, obviously, vest over time. The full deal is currently expected to be completed by the end of September 2014, pending regulatory approval.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
1,39,900
-
1,29,900
-
79,900
-
65,900
-
12,999
-
96,949
-
16,499
-
38,999
-
49,999
-
30,700
-
36,999
-
38,999
-
1,17,840
-
35,000
-
23,960
-
82,510
-
16,258
-
25,999
-
26,999
-
31,999