Apple's Purchase of Beats May Not Be Finalized Until Next Week

Following reports last week that Apple had purchased Beats Electronics, it was thought the deal would be finalized and announced this week. However, Re/code is reporting the deal may not be finalized until next week.
beatsdre

Apple’s planned deal to buy Beats Electronics for $3.2 billion may not be finalized until next week, according to people familiar with the transaction. That’s a longer timetable than some people expected as recently as a few days ago.

Once the deal is completed, Beats co-founders Dr. Dre and Jimmy Iovine are expected to take on senior roles at Apple, with Iovine potentially becoming Apple's new music chief. In addition, Iovine and Dre's first official appearance as Apple employees is expected to take place at June's Worldwide Developer Conference.

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Top Rated Comments

mdridwan47 Avatar
131 months ago
Dre would be a great addition to Apple's health team. Being Doctor and all..
Score: 48 Votes (Like | Disagree)
LordJohnWhorfin Avatar
131 months ago
Unfortunately he cant count. He probably should of checked his math before he embarassed himself in that video.

"should of"? Talk about embarrassing yourself.
Score: 25 Votes (Like | Disagree)
HappyDude20 Avatar
131 months ago
Here. We. Go.
Score: 18 Votes (Like | Disagree)
MUWarrior10 Avatar
131 months ago
Still waiting to see why Apple is making this acquisition. I have not been impressed with Beats products to date. I wonder if there is something they have in their pipeline...
Score: 17 Votes (Like | Disagree)
perealb Avatar
131 months ago
Dre-adful article.
Score: 13 Votes (Like | Disagree)
robinp Avatar
131 months ago
Beats phone

It's not something I have seen suggested so far but I have been wondering whether part of the reason for purchasing beats is to use the brand for launching a slightly lower end phone that appeals to a different part of the market. A Beats phone would run ios, and wouldn't be branded apple in any way other than the software. It would allow for a lower end, lower quality product without potentially damaging apples brand. It would be as close as possible to licensing ios without losing control.
Score: 9 Votes (Like | Disagree)