Apple Acquires Beats Electronics for $3,000,000,000

  • Feed Type
  • Date
  • Company Name
    Beats Electronics
  • Mailing Address
    1601 Cloverfield Blvd Santa Monica, CA 90404 USA
  • Company Description
    Established in 2006 as the brainchild of legendary artist and producer Dr. Dre and Chairman of Interscope Geffen A&M Records Jimmy Iovine, Beats Electronics provides a premium sound experience at every touch point of the consumer’s life. It is the parent company of the Beats by Dr. Dre line of high-quality headphones, Beats Audio HD-sound systems, and the MOG digital music service.
  • Website
  • Transaction Type
  • Transaction Amount
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Apple is acquiring the two companies for a total of $3 billion, consisting of a purchase price of approximately $2.6 billion and approximately $400 million that will vest over time.

Trending on Xconomy