After Apple announced its purchase of Beats Electronics and Beats Music on Wednesday, iTunes chief Eddy Cue and Beats co-founder Jimmy Iovine have been scheduled to talk at Re/code's Code Conference later today.
While Beats may be best known for its headphones, Apple made it clear in announcing its $3 billion acquisition of the company on Wednesday that its real interest lies in the subscription Beats Music streaming service, which will complement Apple's existing iTunes offerings.
Following weeks of speculation and rumors, Apple on Wednesday officially announced it acquisition of Beats Electronics for a reported $3 billion, with co-founders Jimmy Iovine and Dr. Dre expected to join the Cupertino, Calif. company in as-yet-undisclosed executive roles.
Adding to the never-ending stream of scuttlebutt surrounding Apple's hyped buyout of Beats Electronics, a report on Tuesday claims the terms of the supposed acquisition have dropped to $3 billion and will be announced this week.
In what has become a daily routine, a Friday report offers further information on Apple's rumored deal to buy Beats Electronics, this time saying the agreement has been delayed yet again as the two companies hammer out final details.
Because Beats Electronics has tax residency in Ireland, Apple could structure a deal with the headphone maker in such a way that it would not only be able to use its massive international cash pile to pay for the deal, but it could also significantly reduce the final price with international tax laws, one financial expert says.
A report on Thursday claims Apple's much rumored deal to buy Beats Electronics "is happening" and will be a play for company cofounders Jimmy Iovine and Dr. Dre, not technology associated with streaming music or headphones.
Apple has rarely issued press releases trumpeting new acquisitions since the landmark 1997 deal for NeXT that brought Steve Jobs back into the fold, and the company's now-massive size could help it continue its silence even with a rumored $3.2 billion deal for Beats Electronics.
In leveling claims against Beats, Dr. Dre, Jimmy Iovine and others over royalties, contract issues and similar breaches, former hedge-fund manager and founder of Jibe Audio Steven Lamar reveals a number of ways in which Apple was involved in the beginnings of the headphone maker.
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.
Just 0.17 percent of the 183 million tracks spun on Beats Music in March were attributed to non-paying customers, purportedly leaked data indicates, suggesting that the service is converting trial users to paid subscribers at an impressive clip.
When Apple kicks off its annual Worldwide Developers Conference on June 2, it could use the keynote as an opportunity to formally introduce its two newest executives: Jimmy Iovine and Dr. Dre of Beats Electronics.
With time to digest Apple's anticipated $3.2 billion acquisition of headphone maker Beats Electronics, industry watchers are beginning to warm up to the idea, seeing a potentially smart strategic move that could broaden Apple's appeal to new markets.
Apple's alleged $3.2 billion bid for Beats Electronics was provoked by the latter's impressive Beats Music subscription service, a Monday report said, while the iPhone maker will also look to help "improve the quality of design" in future Beats headphones.
Continuing with ongoing reports and speculation surrounding Apple's rumored buy of Beats Electronics, a report on Friday claims the music company's cofounders, Jimmy Iovine and Dr. Dre, would likely net senior positions in Cupertino if a deal does indeed happen.
Proponents of Apple's rumored interest in Beats Electronics have cited the company's recognizable brand, its dominance of the premium headphone market, and its unique new Beats Music service as positive potential additions for the iPhone maker.
Since numerous publications have corroborated claims that Apple is apparently in talks to acquire headphone maker Beats Electronics for $3.2 billion, the rumored purchase has been largely met with scorn, confusion and even disbelief from tech industry watchers.
In a video initially posted to Facebook and subsequently pulled, West Coast rappers Dr. Dre — the cofounder of Beats Electronics — and Tyrese appear to be celebrating the rumored sale of Dre's headphone brand to Apple, seeming to confirm that the deal is legitimate.
Building on an earlier rumor that Apple is in discussions to buy Beats Electronics, a new report claims the music company's cofounder and longtime music executive Jimmy Iovine is in talks to join the Cupertino tech giant as a special advisor to CEO Tim Cook.
In a somewhat surprising move, Apple is rumored to be in talks with Jimmy Iovine and Dr. Dre's Beats Electronics that could see the audio accessories and music streaming service acquired for $3.2 billion.
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AppleInsider Staff
Neil Hughes
Mikey Campbell
