Tags » Jimmy Iovine

Beats Now Part of the Apple 'Family'

Apple has officially closed a deal to acquire headphone maker and music-streaming service Beats, the company announced Friday.

“Today we are excited to officially welcome Beats Music and Beats Electronics to the Apple family,” Apple said in a… 184 more words

Apple’s $3B acquisition of Beats was never going to be completed overnight, and it’s only today that Apple actually completed its purchase of the 13 percent of the company that was owned by Vivendi/Universal Music Group, the world’s largest record label. 107 more words

AAPL Company

Apple buys Vivendi's 13% stake in Beats Electronics for $404 million

“Vivendi SA sold its stake in Beats Electronics LLC to Apple Inc. for $404 million as part of the iPhone maker’s takeover of the headphone company,” Kristen Schweizer reports for Bloomberg. 119 more words


Apple Eliminating 200 Jobs at Beats Following $3 Billion Acquisition

Apple, which is acquiring headphone and streaming-music service provider Beats, is eliminating about 200 positions at the company, representing 29% of its 700-employee workforce, according to sources familiar with the situation. 141 more words


In Beats restructuring, Apple CEO Tim Cook sends subliminal message to Pandora

“Apple, Inc. is laying off 200 employees related to its $3 billion acquisition of Beats Electronics LLC,” New York Shock Exchange writes for Seeking Alpha. “The job cuts will be in the areas of human resources, finance, and other job functions where the two companies have overlapping operations. 121 more words


Apple to pare 200 positions from Beats

“Apple is cutting around 200 jobs at Beats Electronics as it prepares to close on its $3 billion purchase of the audio equipment and music-streaming company, … 372 more words


Heads rolling at Beats as Apple eliminating redundant positions, Ian Rogers & Trent Reznor to stay on

As Apple’s acquisition of Beats Electronics and Beats Music nears completion this financial quarter, the Cupertino and Culver City, California-based companies have begun work on transitioning select employees and technology resources from Beats to Apple, according to sources briefed on the transition. 501 more words

AAPL Company