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Apple acquisition of Beats may be delayed, sources say

updated 09:23 am EDT, Thu May 15, 2014

Signing may have to wait for next week

Apple's anticipated buyout of Beats Electronics for $3.2 billion may not be finalized until sometime next week, sources say. It was initially expected that the deal would be done by Friday. It's not clear what the source of the delay might be.

If and when an agreement is signed, it's still expected to take another two months for the acquisition to be completed. In between Apple could bring Beats co-founders Dr. Dre and Jimmy Iovine on stage at WWDC, showcasing them in new job roles, and revealing some of Apple's music plans. It's speculated that the intent may be to revamp iTunes Radio with new features and subscription options, and improve audio hardware in some instances.

At $3.2 billion, the takeover would be Apple's largest ever. Normally the company acquires much smaller businesses -- some with less than a dozen workers -- because it has interest in a particular technology, or even just because it wants the skills of certain individuals.



By Electronista Staff
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  1. Makosuke

    Forum Regular

    Joined: 08-06-01

    Deal that has not been announced by either party and the details of which is based entirely on speculation and media claims based on leaked information that may or may not be accurate is now "delayed" because similarly unsubstantiated claims it will be announced a week later than the previously unsubstantiated date.

    This is similar to analysts who make predictions about Apple's financials that disagree with Apple's own predictions, then talk about Apple's failure to meet expectations when it meets or beats its own prediction but doesn't live up to the analyst number.

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