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    Dr. Dre becomes first billionaire Hip Hop Artist, Apple buys Beats for $3.2 Billion

    nws due to language


    and from this article: http://venturebeat.com/2014/05/08/ap...eats-for-3-2b/

    Apple is reportedly finalizing a deal to acquire Beats Electronics for a whopping $3.2 billion.

    The deal will supposedly be announced next week, according to the Financial Times, who first reported news of the rumored acquisition. If true, the deal would be the largest acquisition in Apples history. It would also mark a huge change in strategy for Apple, which has traditionally stayed away from high-dollar acquisitions.


    Some details of the deal are still in the works, according to FTs sources, which means the talks could still fall apart. What we do know is that Apple would take control of Beats hardware business (including its signature headphones) and its relatively new streaming-music service, Beats Music.


    While a billion-dollar acquisition would be out of character for Apple, the company could certainly afford it. (Apple has billions in cash and cash equivalents that it isnt doing anything with.) But more than that, buying Beats seems like a very odd move for Apple especially since iPhone maker already has the means to produce quality audio hardware as well as its own streaming music service, iTunes Radio.


    A few past reports do lend credibility to Apple buying Beats. For instance, Beats founder Jimmy Iovine has previously gone on record about how he prodded Apple founder Steve Jobs to launch an Apple music service. Additionally, Beats was rumored to be considering a partnership with Apple to launch Beats Music just last year.


    As for Beats, the company was rumored to be pursuing a major new round of funding worth $60 million to $100 million, as VentureBeat previously reported. (Beats is said to need the additional funds to stay competitive with leading on-demand music service Spotify, which it competes with directly in the streaming realm.) Thats on top of the $60 million raise that Beats closed a little over a year ago.


    VentureBeat is reaching out to both Apple and Beats for further comment and will update this post with any new information we learn.
    all i can say is i'm glad it wasn't Jay Z
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    Laughing all the way to the bank.

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    actually wait Diddy is the richest. whatever i hate him, too
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    Forbes reports it will only net them around 800 million, Sorry Mr Dre, maybe next year.




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    Dre sold his name on a Hyundai for 800 $#@!ing million dollars . Wow . #merrica
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    Click here to enlarge Originally Posted by ChuckD05 Click here to enlarge
    Dre sold his name on a Hyundai for 800 $#@!ing million dollars . Wow . #merrica
    edited: lol wtf am i saying
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    Click here to enlarge Originally Posted by rawad1017 Click here to enlarge
    edited: lol wtf am i saying



    meaning his $#@!ty sounding headphones sold for 800 billion because of his name... good $#@! for him ... similar to apple products actually..

    i would have bought audio-technica or sennheiser if i was apple, rebadged them applebuds/phones and have a quality product.. but its about his established brand/name

    beats are terrible for the price ..

    audio technica mh-50 headphones are 99ish ad sound significantly better than any dre beats product.
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    my laptop has beats audio and i like it a lot better than from a macbook
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    people can queef all day long about beats being $#@!ty, but guess who's a billionare now? Beats by dre. is a world name by now, I think apple did a good move.
    Some people live long, meaningful lives.

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    the beats product took the market by storm, great job marketing by all regardless of how good or bad they are. if i had to guess they have probably sold in the millions by now

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    Click here to enlarge Originally Posted by MSIZZLE Click here to enlarge
    the beats product took the market by storm, great job marketing by all regardless of how good or bad they are. if i had to guess they have probably sold in the millions by now
    exactly, the performance of the product irrelevant. They sell, in huge numbers, and are a huge hit, point is there is money to be made and apple wants it badly.
    Some people live long, meaningful lives.

    Other people eat shit and die.

    I'm not racist, I hate everybody equally; especially fat people.


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    i mean $#@! i wouldn't mind if my next iphone comes with beats audio
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    all that is with "beats audio" is the Name .... on an eq preset....

    "beats audio" is just a name... my htc one had "beats" last year.. sounded great... HTC didnt use beats now its "boom sound" sounds exactly the same...

    they simply use "beats" on HP laptops to sell the name... which is why apple bought it.. when its off they flatten the EQ band out , and purposely make it sound like $#@! so they can praise the "beats name " ...

    just go get a pair or audio-tehnica ath-50 headphones 139 http://www.bhphotovideo.com/c/produc...ck_Studio.html ... than get dre studio's or executive for 299 and tell me which sound better... it wont even be close. Studios sound like complete $#@!. They are garbage, yet people LOVE them and say they are the best. They do look great from afar and are designed nicely but the product is $#@!.

    I agree with all other posted though , they are huge in the market with marketing and selling huge quantities but the product is sub par. Same way an iphone is at this current momment. But truth is the quality doesnt mean $#@! if they sell 10x more than anything else. But Beats headphones have became so big that they now have there own section of best buy but go in the back of the magnolia room and listen to those headphones and every one you touch will most likely sound much better than beats. But no one knows about them at all because they are not "beats" ... and that is all Dre's doings though so from a business stand point they are def the best .

    I give him credit for sure. He killed the headphone game but just like the iphone i wont buy an inferior product for a premium cost because of a name like millions of others do. This is the new BMW strategy as well.. Sell a name. M2 3 4 5 6 7 8 9 x5m x6m m235i m335 ....
    Last edited by ChuckD05; 05-12-2014 at 09:45 AM.
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    Click here to enlarge Originally Posted by Legionofboom Click here to enlarge
    Forbes reports it will only net them around 800 million, Sorry Mr Dre, maybe next year.
    I think he had a net worth of $500 million before this deal, add $800 mill for his stake in Beats and voila "billionaire".

    Regardless, conservative investing will put him over $1 billion on this deal alone in a few years.

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    I like my beyerdynamic dt-770 pro's better Click here to enlarge
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    Click here to enlarge Originally Posted by yage202 Click here to enlarge
    I think he had a net worth of $500 million before this deal, add $800 mill for his stake in Beats and voila "billionaire".

    Regardless, conservative investing will put him over $1 billion on this deal alone in a few years.
    this^

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    The best part is that that monster developed all the technology for these headphones. Unfortunately the CEO's son gave it all away in the negotiation (patents etc) with Dre because he was intimidated...what a $#@!tard.

    http://gizmodo.com/5981823/beat-by-dre-the-inside-story-of-how-monster-lost-the-world
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    Click here to enlarge

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    lmao come on a $400 price increase is a bit exaggerated
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    Click here to enlarge Originally Posted by rawad1017 Click here to enlarge
    lmao come on a $400 price increase is a bit exaggerated
    they'd have to buy sennheiser for that

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    Apple lopped $200mil off the price and they haven't done due diligence yet.

    Down to $3bil. Dr. Dre may drop out of the billionaires club before he is in it at this rate.

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    He bragged too early.

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    either way he's winning the race
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    nice. fruits and vegetables lol
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