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Apple Statement on Universal Music

In an uncharacteristic move, Apple released a statement today regarding the rumors of the aquisition of Universal Music. In a statement from Steve Jobs:



    Apple (Nasdaq: AAPL - News) has never made any offer to invest in or acquire a major music company. The press statements this morning attributed to Vivendi board member Claude Bebear are untrue, as Mr. Bebear has confirmed in a later report. Beyond these comments, we will abide by Apple's policy of not commenting on rumors.

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115 months ago
wow...someone is upset. steve jobs must be having a fit over there in cupertino.
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115 months ago
uncharacteristic indeed
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115 months ago
Get to makin' the Deal then. I want my Music!!
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115 months ago
NO MUSIC FOR YOU!!!

This may be a move to keep it confidential. Whether or not Apple does this, it'll be cool. They'll still have their music service (which we will see in the upcoming weeks.)
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115 months ago

Originally posted by G4scott
NO MUSIC FOR YOU!!!

This may be a move to keep it confidential. Whether or not Apple does this, it'll be cool. They'll still have their music service (which we will see in the upcoming weeks.)



That would be a lawsuit waiting to happen. Sure, apple could deny having made an "offer" if all it's done is discuss the possibility, but securities lawyers will be all over them if a deal comes to pass for making false and misleading disclosures. Normally when a company is in negotiations, all they can say is neither confirm nor deny, because otherwise they subject themselves to claims that they made material misrepresentations. Since these negotiations are affecting the stock price significantly (up .50c since this release), Apple is probably pretty concerned.
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115 months ago
This certainly contradicts this story: http://www.theregister.com/content/39/30289.html

Maybe they're talking about Apple Records...

It's a scandal I tell you. Corporate BS. I just want my music...
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115 months ago
I think that this probably has to do with the effect that these rumors (which seemed to be a bit more widely publicized than most usually are) were having on both Apple and Vivendi stock. I imagine both companies wanted to squash these rumors ASAP.
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115 months ago
Steve should have made that statement when the rumor was first reported, he could have prevented the Apple stock from dropping.
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115 months ago
Good. Apple should pool all energy into newer, faster, peecee envy, hardware/software anyway.
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115 months ago
He had no choice, Apple stock has fallen since the rumor broke. If he doesn't comment, it would appear to be true and the stock would continue to suffer.
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