Apple to acquire Beats Electronics for $3 billion
Publishing timestamp: 2014-05-28 20:30:02
Summary
Apple is acquiring Beats Electronics for $3 billion, with the deal expected to close in the fiscal fourth quarter. Beats founders Dr. Dre and Jimmy Iovine will join Apple. The acquisition includes both the headphone business and the streaming music service, Beats Music. Apple believes the deal will add to earnings in fiscal 2015.
Sentiment: NEUTRAL
Keywords: entertainment, business news, markets, alphabet inc, technology, pandora media inc, apple inc, microsoft corp,
Source: https://www.cnbc.com/2014/05/28/apples-beats-buyout-dances-to-the-finish-line.html