• 🛑Hello, this board in now turned off and no new posting.
    Please REGISTER at Anabolic Steroid Forums, and become a member of our NEW community! 💪
  • 💪Muscle Gelz® 30% Off Easter Sale👉www.musclegelz.com Coupon code: EASTER30🐰

Dre = potential billionaire

cube789

tarmac terrorist
Registered
Joined
Aug 21, 2011
Messages
3,874
Reaction score
3,057
Points
113
Location
uk
IML Gear Cream!
Could “Beats By Dre” soon be “Beats By Apple”?

That’s what Matthew Garrahan and Tim Bradshaw of the Financial Times are reporting: Apple is “closing in” on what would be its largest ever acquisition, a potential $3.2 billion purchase of Beats Electronics.

Beats is primarily known as the popular high-end headphone maker founded in 2008 by rapper-turned-businessman Dr. Dre (perennial member of Forbes’ Cash Kings list) and music producer Jimmy Iovine. The company also operates a new streaming music service.

Forbes had previously estimated that the founders each owned approximately 25% of the company, but there have been a number of transactions in the last year, with former majority owner HTC backing out and private equity firm Carlyle Group investing as a minority partner. Beats also reportedly raised $60 million in funding from, among others, billionaires Len Blavatnik, Marc Rowan, James Packer, and Lee Bass.

Most recently, Forbes estimated the value of Beats at about $2 billion, but Apple would appear to be paying well above that if the acquisition goes through.

Unlike some of its Silicon Valley peers, Apple is not known for making big acquisitions, so such a deal would be a marked departure in style for CEO Tim Cook. But it could be a way to start using Apple’s massive hoard of cash or attempt to shore up the company’s large but slowing iTunes music sales business. $3.2 billion would be the same price Google GOOGL +0.35% paid for high-end thermostat maker Nest Labs in January.

The Financial Times reports that a deal could be announced as early as next week, although terms are not final.

Apple AAPL -0.73% shares are down slightly in after hours trading. Recently, the stock has been trading at its highest price since October 2012.

Written by Brian Solomon for forbes.com

really shitty headphones
 
Facebook-tmagArticle.jpg


^ just sold a text messaging app w/ 450 million users for $16 billion

http://dealbook.nytimes.com/2014/02...essaging-start-up/?_php=true&_type=blogs&_r=0
 
not for now..nobody knows exactly how much but some say he owns 25% of beats which will give him 800mil for his stake..minus around 30%? tax on that...500-600mil still not bad for piece of plastic
 
Cheap ass headphones! I've got some Cerwin Vega HP's and those things are the shiite.

Another guy who says he creates his beats, but bites that shiite from old ass music like everyone else.
 
Had the same pair of Sony's since 1998. They are in ear but with a head band made of rubber maid like plastic and a cord tough as welding cable (don't know what that is think of an arc welding machine and how tough the electric cord has to be in the tough environments welding is done in.) why can't they build shit to last anymore?????
 
Maybe he can afford to go to school and earn a real Doctorate instead of posing as a Dr. of what exactly... Biting HST proclaiming himself as a Dr of Journalism
 
Back
Top