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Dre = potential billionaire

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  1. #1
    tarmac terrorist
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    Dre = potential billionaire

    Could “Beats By Dre” soon be “Beats By Apple”?

    That’s what Matthew Garrahan and Tim Bradshaw of the Financial Times are reporting: Apple is “closing in” on what would be its largest ever acquisition, a potential $3.2 billion purchase of Beats Electronics.

    Beats is primarily known as the popular high-end headphone maker founded in 2008 by rapper-turned-businessman Dr. Dre (perennial member of Forbes’ Cash Kings list) and music producer Jimmy Iovine. The company also operates a new streaming music service.

    Forbes had previously estimated that the founders each owned approximately 25% of the company, but there have been a number of transactions in the last year, with former majority owner HTC backing out and private equity firm Carlyle Group investing as a minority partner. Beats also reportedly raised $60 million in funding from, among others, billionaires Len Blavatnik, Marc Rowan, James Packer, and Lee Bass.

    Most recently, Forbes estimated the value of Beats at about $2 billion, but Apple would appear to be paying well above that if the acquisition goes through.

    Unlike some of its Silicon Valley peers, Apple is not known for making big acquisitions, so such a deal would be a marked departure in style for CEO Tim Cook. But it could be a way to start using Apple’s massive hoard of cash or attempt to shore up the company’s large but slowing iTunes music sales business. $3.2 billion would be the same price Google GOOGL +0.35% paid for high-end thermostat maker Nest Labs in January.

    The Financial Times reports that a deal could be announced as early as next week, although terms are not final.

    Apple AAPL -0.73% shares are down slightly in after hours trading. Recently, the stock has been trading at its highest price since October 2012.

    Written by Brian Solomon for forbes.com
    really shitty headphones

  2. #2
    tarmac terrorist
    cube789's Avatar


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    ^ just sold a text messaging app w/ 450 million users for $16 billion

    http://dealbook.nytimes.com/2014/02/...ype=blogs&_r=0

  3. #3
    DRSE owns this shithole
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    Quote Originally Posted by cube789 View Post
    really shitty headphones
    Truth. I trashed mine within 2 months.
    TheCaptn' is not a registered proctologist. His post are for his amusement only. Please seek proper medical advice if symptoms persist.


  4. #4
    NO LIMITS
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    only in America
    This account and all comments made by account holder are for entertainment purposes only, anabolic steroid use is illegal without a prescription.
    Keepin Green.

  5. #5
    AG'S DEMIGOD
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    not for now..nobody knows exactly how much but some say he owns 25% of beats which will give him 800mil for his stake..minus around 30%? tax on that...500-600mil still not bad for piece of plastic

  6. #6
    YOU ME WE
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    Cheap ass headphones! I've got some Cerwin Vega HP's and those things are the shiite.

    Another guy who says he creates his beats, but bites that shiite from old ass music like everyone else.



  7. #7
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    Couldn't happen to a better guy... **sarc**

  8. #8
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    Had the same pair of Sony's since 1998. They are in ear but with a head band made of rubber maid like plastic and a cord tough as welding cable (don't know what that is think of an arc welding machine and how tough the electric cord has to be in the tough environments welding is done in.) why can't they build shit to last anymore?????
    Coarse edged youth, the irish pendants string from their smiles
    not yet plucked as to slacken the seams
    and drag down the features of age,
    no folds or creases from unkempt wear
    eyes of tranquilty, crystalline-beads
    no sign of despair in their hair, nor their hearts
    but oh they have yet to be experienced and that makes aging so very worth it...ML circa2012

  9. #9
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    Maybe he can afford to go to school and earn a real Doctorate instead of posing as a Dr. of what exactly... Biting HST proclaiming himself as a Dr of Journalism
    Coarse edged youth, the irish pendants string from their smiles
    not yet plucked as to slacken the seams
    and drag down the features of age,
    no folds or creases from unkempt wear
    eyes of tranquilty, crystalline-beads
    no sign of despair in their hair, nor their hearts
    but oh they have yet to be experienced and that makes aging so very worth it...ML circa2012

  10. #10
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    Coarse edged youth, the irish pendants string from their smiles
    not yet plucked as to slacken the seams
    and drag down the features of age,
    no folds or creases from unkempt wear
    eyes of tranquilty, crystalline-beads
    no sign of despair in their hair, nor their hearts
    but oh they have yet to be experienced and that makes aging so very worth it...ML circa2012

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