Tags » Jimmy Iovine

Pandora has basically written off Apple and Beats as a threat

It’s barely two weeks since Apple actually closed  (paywall) on its $3 billion purchase of Beats Electronics. Nobody really knows how the world’s biggest—and arguably most secretive—company plans to fully integrate the headphones and streaming-music service operator into its broader empire. 420 more words

How Beats went from a single pair of headphones to a $3 billion Apple acquisition

“There’s one sense in which Apple and Beats are certainly a perfect match — there are no other tech companies on the planet so likely to divide tech fans,” Luke Westaway reports for CNET. 376 more words

News

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

News

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

News

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