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Apple acquires Beats for $3.2 billion, confirms Dr. Dre
2014-05-09 17:35:34| Extremetech
In a rather adventurous move, Apple appears to have acquired Beats Electronics for $3.2 billion - the company co-founded by Dr. Dre in 2008 that in just six short years has sewn up the entire high-end consumer headphones market. In January, Beats also launched Beats Music, a streaming music service that's similar to Spotify. At this point, you are probably wondering the same question as me: Why? Why did Apple acquire Beats? Let's try and work it out.
Tags: apple
billion
beats
confirms
Singapore Air Rises as Net Beats Estimates on Virgin Stake Sale
2014-05-09 11:03:29| Airlines - Topix.net
Singapore Airlines Ltd., Asia's biggest carrier by market value, posted profit that beat estimates after selling its stake in Richard Branson's Virgin Atlantic Airways Ltd., helping send the shares higher for the first time in five days.
Apple set to buy Beats for USD 3.2 billion - report
2014-05-09 08:46:00| Telecompaper Headlines
(Telecompaper) Apple is in advanced talks to acquire headphone maker and music streaming operator Beats Electronics for USD 3.2 billion, Apple's largest purchase to date, people familiar with the matter told the Financial Times. The deal could be announced as early as the week of 12 May, but some details have still not been agreed and the talks could still break down. Apple is expected to buy Beats' streaming service and its audio equipment business, with Beats' management team reporting to Apple CEO Tim Cook. Beats holds a leading position in the market for premium headphones, but its real value to Apple is its potential to revitalise Apple's coolness factor as iTunes' popularity has waned and the iPhone brand has been hit hard by Samsung marketing campaigns. Apple is paying a high premium, as Beats was valued at over USD 1 billion when it secured a USD 500 million investment from Carlyle last September. Neither Apple nor Beats would comment on the matter.
Apple 'in talks' to acquire Beats
2014-05-09 04:03:18| BBC News | Business | UK Edition
Apple is in talks to buy headphone maker and music-streaming service provider Beats Electronics for $3.2bn, according to various media reports.
Tags: apple
talks
acquire
beats
UPDATE 1-Cognizant's profit beats estimates as Europe revenue rises
2014-05-07 16:57:24| IT Services - Topix.net
Technology outsourcing company Cognizant Technology Solutions Corp reported a better-than-expected profit for the first quarter as customers in Europe raised their IT spending.
Tags: update
europe
profit
estimates
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