Apple Confirms Its $3 Billion Deal for Beats Electronics
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Re: Apple Confirms Its $3 Billion Deal for Beats Electronics
#2Depending on the details of the deal, this may make Dr Dre hip hop's first billionaire.
Re: Apple Confirms Its $3 Billion Deal for Beats Electronics
#3Interesting that they closed the deal and announced it before the WWDC Keynote on Monday.
Re: Apple Confirms Its $3 Billion Deal for Beats Electronics
#4Depending on the details of the deal, this may make Dr Dre hip hop's first billionaire.
he owns something like 22% of the company. I read somewhere that this will bring him to approx $800m.
Re: Apple Confirms Its $3 Billion Deal for Beats Electronics
#5An important quote from the article:
>> “Could Eddy’s team have built a subscription service? Of course,” he said. “We could’ve built those 27 other things ourselves, too. You don’t build everything yourself. It’s not one thing that excites us here. It’s the people. It’s the service.”
From my usage of the Beats streaming service it stands head and shoulders above everyone else because of the people it has creating playlists. They are really fantastic especially when compared with Spotify. Apple could build a streaming music service but they need the right people to build a good one.
Re: Apple Confirms Its $3 Billion Deal for Beats Electronics
#6Interesting that they closed the deal and announced it before the WWDC Keynote on Monday.
It's not really an announcement for a developer conference. Plus aren't these things typically announced after the markets close (which wouldn't be possible at WWDC)?
Re: Apple Confirms Its $3 Billion Deal for Beats Electronics
#7Depending on the details of the deal, this may make Dr Dre hip hop's first billionaire.
It will make him close, but not there. I'm sure Diddy is no motivated to start some tech startup idea.
Re: Apple Confirms Its $3 Billion Deal for Beats Electronics
#8An important quote from the article: >> “Could Eddy’s team have built a subscription service? Of course,” he said. “We could’ve built those 27 other things ourselves, too. You don’t build everything yourself. It’s not one thing that excites us here. It’s the people. It’s the service.” From my usage of the Beats streaming service it stands head and shoulders above everyone else because of the people it has creating pl…
Even though Cook said it's not about building it, "it's the people. It's the service", is $3 billion worth what is essentially an acquihire?
EDIT: Right, it's still a profitable business regardless and I should have touched on that. But I don't want to see big tech companies acquire just for profit. They become behemoths that die slow deaths. I want to see Apple continue to reinvent based on their vision. I don't want them buying safe businesses. It's the reality of the world, I guess. I just firmly believe that Apple could have created their own spin on this market for less than $3 billion and beat out Beats.
Re: Apple Confirms Its $3 Billion Deal for Beats Electronics
#9Depending on the details of the deal, this may make Dr Dre hip hop's first billionaire.
When the rumour was $3.2bn he wasn't going to become a billionaire despite his video stating his was - so now the price has dropped he certainly isn't one.
Also - what does Beats have to do with his career in hip hop? Hip hop didn't make him almost $1bn, an electronics company he co-founded did. It just irks me every time I see 'hip hops first billionaire'. It has absolutely nothing to do with hip hop.
Re: Apple Confirms Its $3 Billion Deal for Beats Electronics
#10Depending on the details of the deal, this may make Dr Dre hip hop's first billionaire.
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