Apple has officially acquired Beats Electronics and Beats Music for $3 billion

Just as the rumors stated, Apple has made it official by acquiring the Beats Electronics and Beats Music for $3 billion. The purchase price of the two companies was $2.6 billion, with $400 million that would be vested over time. Apple’s CEO, Tim Cook said that music holds a special place within our hearts and has become an important part of our lives; that is the reason Apple has kept investing in music and is bringing together the outstanding teams to create the most innovative music services and products in the world. Hold on your Beats Headphones as long as you can; soon, all beats products would be bearing, Beats by Apple. Apple has officially acquired Beats Electronics and Beats Music for $3 billion

Leave a Comment