Apple's rumored Beats acquisition reportedly pushed back one week
A report late Wednesday claims finalization of Apple's rumored bid to acquire Beats Electronics for $3.2 billion may be pushed back, leaving industry watchers more time to speculate on what the supposed buy means for both companies.
Source: Beats Music
Citing people familiar with Apple's negotiations with Beats, Re/code reports a deal may not be inked until next week, one week later than originally rumored.
The news is the latest chapter in a string of rumors, speculation and analysis surrounding an Apple-Beats tie-up, which has been making headlines since multiple publications reported the two companies were in buyout discussions last week.
While neither company has confirmed the talks, a video surfaced online last week showing Beats cofounder Dr. Dre, whose real name is Andre Young, seemingly celebrating the acquisition with actor Tyrese Gibson. The "evidence," however, is circumstantial at best.
After showing initial confusion, some analysts are now saying Apple's Beats buy could be a smart strategic move that would open new doors for the Cupertino, Calf.-based company. Along with Young's cachet, Beats cofounder Jimmy Iovine is a powerful figure in the music industry and currently sits as chairman of record label Interscope Geffen A&M. The two executives would likely take on senior positions at Apple if and when the $3.2 billion deal is inked.
It has also been speculated that Beats Music, the firm's fledgling streaming service, is Apple's main target, with Beats' high-margin audio hardware business being a secondary benefit.
Most recently, a report on Monday claimed Iovine and Young may take the stage at this year's Worldwide Developers Conference in June.
Source: Beats Music
Citing people familiar with Apple's negotiations with Beats, Re/code reports a deal may not be inked until next week, one week later than originally rumored.
The news is the latest chapter in a string of rumors, speculation and analysis surrounding an Apple-Beats tie-up, which has been making headlines since multiple publications reported the two companies were in buyout discussions last week.
While neither company has confirmed the talks, a video surfaced online last week showing Beats cofounder Dr. Dre, whose real name is Andre Young, seemingly celebrating the acquisition with actor Tyrese Gibson. The "evidence," however, is circumstantial at best.
After showing initial confusion, some analysts are now saying Apple's Beats buy could be a smart strategic move that would open new doors for the Cupertino, Calf.-based company. Along with Young's cachet, Beats cofounder Jimmy Iovine is a powerful figure in the music industry and currently sits as chairman of record label Interscope Geffen A&M. The two executives would likely take on senior positions at Apple if and when the $3.2 billion deal is inked.
It has also been speculated that Beats Music, the firm's fledgling streaming service, is Apple's main target, with Beats' high-margin audio hardware business being a secondary benefit.
Most recently, a report on Monday claimed Iovine and Young may take the stage at this year's Worldwide Developers Conference in June.
Comments
How is next week on a rumor pushing anything back?
Now we have rumors about other rumors.
In other news, Leo Laporte says the whole rumor was concocted by Iovine and Dre to get Google to buy their company.
Strange picture, the person on the left looks like he's in need of taking a dump and the guy on the right doesn't seem happy - at all.
They've both just been told they're not getting reserved parking slots at the Spaceship.
And no free coffee!
AHAHAHAHAHAHAHAHAHAHAH
LIKE CLOCKWORK EVERY TIME.
Rumored product isn’t happening? IT WAS JUST DELAYED I’M NOT WRONG PLEASE KEEP PAYING ME. Rumored purchase isn’t happening? ANNOUNCEMENT PUSHED BACK.
Flavor Flav wants in on the deal so he can were Apple's new Campus II around his neck.
(Still working on that joke)
Wouldn't it be great if there were actually talks happening, but no final deal reached yet, and then after that idiotic video, Apple is reconsidering the whole deal, which is why there is this mysterious delay all of a sudden? That would be the logical thing to do in my opinion. Apple is a multi billion dollar corporation, and they shouldn't be hiring any clowns with loose mouths. Apple needs to double down on security, and not do the opposite by exposing themselves to more threats.
This rumor needs a good conclusion, and the best thing that could happen is if this deal is dead.
If the deal does turn out to be true, then so be it, but I will be pretty glad if it doesn't happen. In the big scheme of all things Apple, this is pretty insignificant, in my opinion, and Apple should be concentrating on far more important and bigger things.
Streaming music certainly is the future of music, but is it the next big thing? We can make fun of Google buying a thermostat company, but what they were really buying into is the internet of things, buying into big data. Tony Fadell already said they're thinking beyond thermostats and smoke detectors. Go to any website these days and all you see are Microsoft Cloud advertisements. They're all over TV too. Again all about big data. Microsoft's virtual assistant Cortana already has more functionality than Siri does. To me Beats isn't skating to where the puck will be. It's trying to buy some cool and fix a music service that Apple should have working on 3-4 years ago. Acquisitions like AuthenTec, PrimeSense, a lot of the location mapping stuff, the hires with experience in the medical devices fields, those all seem more about the future than Beats does. And none of them cost $3B.
I think you're probably right, but that is only because we're only likely to think of companies that appeal to use or have enough mindshare to that we'd think of them even if they don't directly appeal to us. Nest? Bad buy. Moto? Bad buy. Oculus? Bad buy. Instagram? Bad buy. Twitter? Bad buy. LinkedIn? Bad buy. (All those buys are my opinions)
The right buy for Apple is likely to be something we don't expect as their history has been acquisitions we didn't expect so our not guessing that Apple would PA Semi or even understanding what kind of a lead that would give Apple is not something we should rebuke them for doing.
If this rumour turns out to be true you should ask yourself what you're not seeing, not ask why Apple is so stupid or why the board hasn't fired Tim Cook yet.
It the breaks on it. One can hope.:)
I saw a lot of discussions going in social media's about this topic.
I said all along I don't mind the deal, I just believe 3.2 is way too high of a number and it should be around 2b. Which is still overvalued, but within reason. 3.2 isn't.