Apple officially welcomes Beats to the family
Apple has officially taken ownership of Beats, and is welcoming them to the company with a small section of the Apple website. The words "Welcome to the Family" are followed by a paragraph stating Apple's excitement on bringing Beats into the fold, and looking forward to the future. From the Apple.com:
Today we are excited to officially welcome Beats Music and Beats Electronics to the Apple family. Music has always held a special place in our hearts, and we're thrilled to join forces with a group of people who love it as much as we do. Beats cofounders Jimmy Iovine and Dr. Dre have created beautiful products that have helped millions of people deepen their connection to music. We're delighted to be working with the team to elevate that experience even further.
And we can't wait to hear what's next.
Additionally, Vivendi announced today that it's Universal Music Group division had sold its remaining stake in Beats to Apple. The stake was worth about 13% of Beats, and was sold for $404 million.
What do you hope to see from Apple's acquisition of Beats? Let us know below in the comments.