360° Coverage : Apple Has Reduced The Offering For Beats

1 Updates
Apple Has Reduced The Offering For Beats
Photo Credit: Getty Images

Apple Has Reduced The Offering For Beats

May 28 2014, 11:59pm CDT | by

The price has been cut down to $3 billion after further negotiations

According to the New York Post, the original price Apple was going to pay for Beats, $3.2 billion, has been reduced to $3 billion, cutting out two hundred million dollars. There is no information on...

Filed under: rumors

YouTube Videos

 
 
 

25 weeks ago

Apple Has Reduced The Offering For Beats

May 28 2014, 11:59pm CDT | by

The price has been cut down to $3 billion after further negotiations

According to the New York Post, the original price Apple was going to pay for Beats, $3.2 billion, has been reduced to $3 billion, cutting out two hundred million dollars.

There is no information on why this happened, although it hasn’t been a secret that negotiations were taking longer than either party would have liked. Part of those negotiations were held up due to the trouble they are having placing a value on the 111,000 subscribers that Beats Music has. That number, to some, was much lower than expected and it has placed a bit of concern in Apple’s mind.

They still want Beats, though, and the $450 price tag that the company’s headphones sport is in line with the high premium that Apple customers are always willing to pay. The popularity of these headphones is what earned them $1.3 billion in 2013 alone, in addition to investments from a number of companies, further complicating the process.

Even at a reduced price, it is still rumored that both Dr Dre and Jimmy Iovine are going to be taking jobs at Apple in some capacity. Steve Jobs had been courting Iovine in the early 2000s, although it isn’t known what they might do with him at this point in time.

Source: NY Post

 

Don't miss ...

 

<a href="/latest_stories/all/all/25" rel="author">Bijon Kumar Pramanik</a>
Bijon Kumar Pramanik is an experienced technology writer working since years in the consumer electronics field.

 

blog comments powered by Disqus

Latest stories

Why tech companies are going for mobile payments
Why tech companies are going for mobile payments
Consumers are slowly embracing mobile payments
 
 
Apple launches Apple Pay
Apple launches Apple Pay
You can now pay your parking using Apple Pay
 
 
iPhone 6 Outsmarting iPhone 6 Plus with Respect to the Market Share
iPhone 6 Outsmarting iPhone 6 Plus with Respect to the Market Share
The iPhone 6 Plus occupies 68 percent of overall Apple smartphone market share
 
 
Apple issues the first bond in Euros
Apple issues the first bond in Euros
Why Apple is making forays into the Europe market
 
 
 

Latest from the Network

FKA twigs doesn't want fame
FKA twigs doesn't want to be famous. The 'Two Weeks' hitmaker - who has been dating 'Twilight' star Robert Pattinson since September - has revealed that she doesn't want to be photographed everywhere she goes. She said...
Read more on Celebrity Balla
 
Cruzeiro edge closer to Brazil Serie A title
Rio de Janeiro, Nov 21 (IANS) Brazil internationals Everton Ribeiro and Ricardo Goulart each scored second-half goals as Cruzeiro defeated Gremio 2-1 in Brazil's Serie A championship. The result after Thursday's match...
Read more on Sport Balla
 
Fixtures of German Bundesliga soccer league
Berlin, Nov 21 (IANS) Following are the fixtures of German Bundesliga soccer league over the weekend, accordign to Xinhua. Nov 22: Bayern Munich vs Hoffenheim Borussia Monchengladbach vs Eintracht Frankfurt Hannover...
Read more on Sport Balla
 
Fixtures of French Ligue 1 soccer league
Paris, Nov 21 (IANS) Following are the fixtures of French Ligue 1 soccer league over the weekend, according to Xinhua. Nov 22: Metz vs Paris Saint Germain Nov 23: Bastia vs Lyon Guingamp vs Rennes Lorient vs Lens...
Read more on Sport Balla
 
Patient with Ebola symptoms being monitored in New York
New York, Nov 21 (IANS/EFE) A person showing symptoms of Ebola has been subjected to medical tests at a New York hospital, after returning from the Ebola-hit country of Mali. The patient, who has not been publicly...
Read more on Business Balla
 
Miley Cyrus to throw 6000 pound party for homeless
Los Angeles, Nov 21 (IANS) Singer Miley Cyrus is throwing a 6,000 pound Christmas party for homeless people. The 21-year-old is determined to show her ''caring and sensitive'' side by employing a chef to cook a three-...
Read more on Celebrity Balla
 
UNSC resolution includes policing in UN peacekeeping operations
United Nations, Nov 21 (IANS) The United Nations Security Council (UNSC) has unanimously adopted a resolution to include policing in UN peacekeeping operations and special political missions. The UNSC "resolves to...
Read more on Politics Balla
 
Kim Kardashian West's post-baby body
Kim Kardashian West thinks she has an ''even better body'' after giving birth. The 'Keeping Up With The Kardashians' star - who had 17-month-old North West in June last year - feels ''very confident'' about her figure....
Read more on Celebrity Balla
 
Mark Wahlberg's wife compares him to Harry Styles
Mark Wahlberg's wife thinks he looks like an older Harry Styles. Rhea Durham - who has been married to the 'Ted' star since 2009 - is pleased he is cutting off his locks for charity so he doesn't resemble an older...
Read more on Celebrity Balla
 
Beyonce 'rescued' sister's wedding
Beyonce Knowles ''rescued'' her sister's wedding. Solange tied the knot with videographer Alan Ferguson last Sunday (11.16.14) but the nuptials nearly resulted in a disaster when the 'Losing You' hitmaker reacted badly...
Read more on Celebrity Balla