Skip Nav
Geek Culture
Cheeky Valentines Inspired by Geeky Pop Culture Loves
Geek Culture
What Zodiac Signs Would Look Like as Pokémon
Reddit
You'd Never Guess What Car Thieves Did After Finding This Epic Note

Apple Buys Beats

Congrats, Dre: Apple Is, in Fact, Buying Beats Electronics

It's official — Apple confirmed its intent to acquire Beats Music and Beats Electronics for $3 billion in a statement released today. A couple of weeks ago, Tyrese Gibson celebrated the big buy a little prematurely, but as of today, the acquisition has been validated by Apple!

Since the launch of the iTunes Store, Apple has been a major player in the digital music space — but is now playing catch-up with streaming music services like Spotify and Rdio. Beats' relatively new Beats Music platform will certainly help that effort. Apple is acquiring the Beats Music service and the Beats Electronics, the maker of the popular audio hardware products, for a total of $3 billion, consisting of $2.6 billion in cash and $400 million in Apple stock.

Apple executive Eddy Cue said, "The addition of Beats will make our music lineup even better, from free streaming with iTunes Radio to a world-class subscription service in Beats, and of course buying music from the iTunes Store as customers have loved to do for years." Congrats, Dre!

Image Source: Getty
Around The Web
How to Turn On and Off Twitter's Best Tweets Feature
Day-Care Worker Fired For Snapchat Post
This App Is Massively Draining Your iPhone Battery
iPhone 7 Rumors
Best iPhone Tips in iOS 8
Amazon Free Shipping on Small Items
iPhone 5 Camera Tips

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

Join The Conversation
Carol14738761 Carol14738761 1 year

thats old news

Latest Technology & Gadgets
X