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Apple's Purchase of Beats May Not Be Finalized Until Next Week

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macrumors bot
Original poster
Apr 12, 2001
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Following reports last week that Apple had purchased Beats Electronics, it was thought the deal would be finalized and announced this week. However, Re/code is reporting the deal may not be finalized until next week.
beatsdre.jpg
Apple's planned deal to buy Beats Electronics for $3.2 billion may not be finalized until next week, according to people familiar with the transaction. That's a longer timetable than some people expected as recently as a few days ago.
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Once the deal is completed, Beats co-founders Dr. Dre and Jimmy Iovine are expected to take on senior roles at Apple, with Iovine potentially becoming Apple's new music chief. In addition, Iovine and Dre's first official appearance as Apple employees is expected to take place at June's Worldwide Developer Conference.

Article Link: Apple's Purchase of Beats May Not Be Finalized Until Next Week
 
Article Link
https://www.macrumors.com/2014/05/14/apple-beats-deal-finalization/
M

mozumder

macrumors 65816
Mar 9, 2009
1,283
4,416
Beats probably shouldn't have blabbed all about it if they wanted to get it done.

And Steve Jobs/Katie Cotton would never have allowed any leaks of this. Had any leaks occurred, the deal would be off.
 
M

MUWarrior10

macrumors member
May 7, 2014
83
4
Chicago
Still waiting to see why Apple is making this acquisition. I have not been impressed with Beats products to date. I wonder if there is something they have in their pipeline...
 
nfl46

nfl46

macrumors G3
Oct 5, 2008
8,345
8,696
MUWarrior10 said:
Still waiting to see why Apple is making this acquisition. I have not been impressed with Beats products to date. I wonder if there is something they have in their pipeline...
Click to expand...

Of course there is. I don't think they would have spent 3.2 Billion for nothing. Lol.
 
R

robinp

macrumors 6502a
Feb 1, 2008
750
1,794
Beats phone

It's not something I have seen suggested so far but I have been wondering whether part of the reason for purchasing beats is to use the brand for launching a slightly lower end phone that appeals to a different part of the market. A Beats phone would run ios, and wouldn't be branded apple in any way other than the software. It would allow for a lower end, lower quality product without potentially damaging apples brand. It would be as close as possible to licensing ios without losing control.
 
seamer

seamer

macrumors 6502
Jul 24, 2009
426
164
Bathplug said:
If it weren't for dre we wouldn't have ice cube.
Click to expand...

Or Slim Shady.

Back to reality...
The major reason for this purchase seems to be the music catalog available to Beats. Can't the major players just revoke access since the terms of their contract/owner is changing?

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robinp said:
It's not something I have seen suggested so far but I have been wondering whether part of the reason for purchasing beats is to use the brand for launching a slightly lower end phone that appeals to a different part of the market. A Beats phone would run ios, and wouldn't be branded apple in any way other than the software. It would allow for a lower end, lower quality product without potentially damaging apples brand. It would be as close as possible to licensing ios without losing control.
Click to expand...

This would mess with HTC's already released Android phones and potentially any laptops released with the Beats brand. We saw how a fully branded Apple 5C went over with the public. The public said they didn't want a cheap Apple phone, they wanted the full experience.
 
D

DTphonehome

macrumors 68000
Apr 4, 2003
1,914
3,377
NYC
Makes sense. They've got to put everything they have into getting Flappy Bird back in the App Store. Beats will have to wait.
 
D

DTphonehome

macrumors 68000
Apr 4, 2003
1,914
3,377
NYC
seamer said:
The major reason for this purchase seems to be the music catalog available to Beats. Can't the major players just revoke access since the terms of their contract/owner is changing?
Click to expand...

No one knows for sure, but probably. Which makes one think if there isn't more to this deal.
 
Tankmaze

Tankmaze

macrumors 68000
Mar 7, 2012
1,707
351
I assume this leak transaction is someone from beats ? Surely Apple wouldn't like this deal to be publicize
 
dmccloud

dmccloud

macrumors 68030
Sep 7, 2009
2,969
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Anchorage, AK
mozumder said:
Beats probably shouldn't have blabbed all about it if they wanted to get it done.

And Steve Jobs/Katie Cotton would never have allowed any leaks of this. Had any leaks occurred, the deal would be off.
Click to expand...

Because nothing ever got leaked when Jobs was in charge (well, except the iPhone, iPad, Apple TV, Intel switchover, new iphone specs,...)

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flatfoot99 said:
Unfortunately he cant count. He probably should of checked his math before he embarassed himself in that video.
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I can't remember who reported it, but Dre's total net worth post-sale to Apple would be just over $1.1B based on existing holdings and his stake in Beats.
 
slu

slu

macrumors 68000
Sep 15, 2004
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Buffalo
seamer said:
This would mess with HTC's already released Android phones and potentially any laptops released with the Beats brand. We saw how a fully branded Apple 5C went over with the public. The public said they didn't want a cheap Apple phone, they wanted the full experience.
Click to expand...

HTC doesn't have anything to do with Beats anymore.

Also, I thought the OP had an interesting idea. A "Beats" Phone running iOS at a lower price point would be an interesting addition to that market. And the public would LOVE a cheap iPhone. The 5c was not a cheap iPhone. It was an expensive iPhone in a plastic shell. If Apple sold something at the Nexus 5 or Moto X price point, it would sell like crazy.
 
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