Apple's Beats deal reportedly pushed back until next week

Beats Music, Beats headphones, Apple iPhone

Apple's deal to purchase Beats for $3.2 billion, which began as a rumor last week, is now reportedly being pushed back to next week. Re/code

Apple's planned deal to buy Beats Electronics for $3.2 billion may not be finalized until next week, according to people familiar with the transaction. That's a longer timetable than some people expected as recently as a few days ago.

While neither company has officially confirmed the talks, Dr. Dre posted a video last week in which he says that he is "the first billionaire in hip-hop." To add further fuel to the fire, a rumor from earlier this week suggested that Apple might introduce Beats founders Dr. Dre and Jimmy Iovine as high-level executives at its WWDC 2014 conference next month. For now, we don't have any concrete information to go by, so all that is left to do is wait until next week and see where the chips fall.

If you were taking bets, when would you expect the deal to go through? Or do you still think Apple/Beats is never going to happen?

Source: Re/code

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Reader comments

Apple's Beats deal reportedly pushed back until next week


Are beats any good? I know they would be better than Apple's stock headphones but what is their to gain? I enjoy my $20.00 Sony's that wrap around the back of my neck. Maybe Beats has some special patents Apple would like? I know Apple has a ton of cash to purchase various companies, but why Beats? Perhaps with all the Olympians sporting the Beats it would dove tail with their fitness agenda???? I don't know but Tim Cook is doing a wonderful job as CEO and has really filled a tough position. I trust he or his advisor knows what they are doing!!!

Maybe they wanted Dre to be a high level exec, until he spilled the news on Instagram. Would've been even worse if he TMZ'd it.