Just In Time For Father's Day | Beats by Dre. Dre Has Now Been Acquired by Apple
Apple announced has actually accepted find the critically acclaimed subscription streaming music service Beats Music, and Beats Electronics, makings the popular Beats headphones, speakers, and audio software.
As part of the acquisition, Beats co-founders Jimmy Iovine and Dr. Dre will join Apple. Apple is acquiring the two companies for a total of $3 billion, consisting of a purchase price of approximately $2.6 billion and approximately $400 million that will vest over time.
“Music is such an important part of all of our lives and holds a special place within our hearts at Apple,” said Tim Cook, Apple’s CEO. “That’s why we have kept investing in music and are bringing together these extraordinary teams so we can continue to create the most innovative music products and services in the world.” Iovine added, “I’ve always known in my heart that Beats belonged with Apple.
The idea when we started the company was inspired by Apple’s unmatched ability to marry culture and technology. Apple’s deep commitment to music fans, artists, songwriters and the music industry is something special.
IF YOUR NOT USING BEATS EAR BUDS OR HEADPHONES TO LISTEN TO YOUR TUNES ON YOUR IPHONE, YOU ARE NOT GETTING THE BEST LISTENING EXPERIENCE.
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