Arab Today, arab today apple eyeing beats electronics for 32bn
Last Updated : GMT 06:29:30
Arab Today, arab today
Arab Today, arab today

Deal would mark the biggest acquisition

Apple eyeing Beats Electronics for $3.2bn

Arab Today, arab today

Arab Today, arab today Apple eyeing Beats Electronics for $3.2bn

Apple is considering a $3.2 billion acquisition of Beats Electronics
Washington - Arab Today

Apple is considering a $3.2 billion acquisition of Beats Electronics Apple is eyeing a $3.2 billion buyout of Beats Electronics, the firm founded by rapper Dr. Dre that makes headphones and other audio products, in what would be Apple's biggest acquisition yet, news reports said. A deal could be reached as early as next week, but the talks could still founder, the New York Times reported late Thursday, quoting people familiar with the transaction.
The Financial Times, which first broke the story, said Apple would buy not only the Dr. Dre brand of headphones and other sound equipment but also the music streaming service that Beats Electronics launched recently, known as Beats Music.
The deal valued by both newspapers at $3.2 billion would mark the biggest acquisition ever carried out by Apple.
For Apple, whose revenue growth has slowed sharply in the last few years, the deal could signal a drive into streaming music. The company, which only last year released its streaming product, iTunes Radio, has been slow to enter the streaming world, The New York Times said.
A purchase of Beats would also give Apple a hot product and a hot brand. After its enormous successes with the iPhone and iPad, Apple has been under intense pressure from investors to unveil new products, but none has yet been released.
At over $3 billion, the Beats acquisition would be a major departure for Apple, the Times said, adding that Apple favored smaller deals under co-founder Steve Jobs.
However, Tim Cook, who took over as CEO shortly before Jobs died in 2011, has been vocal about the company’s acquisitions and the strategy behind them, the New York Times said. In its most recent earnings call, Cook said Apple had acquired 24 companies in the last 18 months.
Last year the private equity firm Carlyle Group invested $500 million in Beats and valued the company at $1 billion.
So Apple would be paying a large premium if it acquires Beats for $3.2 billion.
The acquisition would follow a series of expensive deals in Silicon Valley: Google has bought smart home developer Nest Labs for $3.2 billion, while Facebook has offered $19 billion for the free mobile messaging service WhatsApp.
Apple, the largest US company in terms of market capitalization, last month announced quarterly earnings that bested expectations by a wide margin.
It also announced a dividend increase, a ramp-up in stock buybacks and a seven-for-one stock split.
Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today apple eyeing beats electronics for 32bn Arab Today, arab today apple eyeing beats electronics for 32bn

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 12:38 2017 Thursday ,23 February

Lower fares hit Qantas first half profit

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures

GMT 07:26 2017 Thursday ,23 February

A peek inside Qatar's 'gas capital of the world'

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach

GMT 11:14 2017 Wednesday ,22 February

Lloyds Banking Group posts surging profits

GMT 10:01 2017 Tuesday ,21 February

Egypt pound rebounds from flotation slide

GMT 09:57 2017 Tuesday ,21 February

Greece agrees to bailout reforms compromise
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday