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Apple paid over $2.5 billion for Beats Electronics, slightly less than $500 million for Beats Music

Apple paid over $2.5 billion for Beats Electronics, slightly less than $500 million for Beats Music

Andrew Martonik 17

Details of the Apple acquisition of Beats are shedding a bit more light on where the value is coming from, indicating that the streaming music portion of the company is worth just shy of $500 million. That places the value of the Beats Electronics business at $2.5 billion, which in itself had nearly $1.5 billion in revenue in 2013. Saying that the Beats streaming service is worth even...