Apple has indeed purchased Beats, which includes both Beats Audio hardware and Beats Music, the streaming radio service that was founded by rapper Dr. Dre and longtime music industry exec Jimmy Iovine. The deal was reported to be in the works earlier this month, and was said to be worth an estimated $3.2 billion at the time, though a recent New York Post report said it was cut to $3 billion after Apple completed its due diligence. The price is indeed $3 billion, with $2.6 billion in cash and $400 million in stock.
I think this is a bad deal for Apple.
The headphones are pretty shitty.
Beats streaming service only has around 200,000 Paying subscribers.
Google has finally built its own car from scratch. And it looks like a gondola with wheels.
The two-seater prototype vehicle is Google’s reimagination of what the modern automobile should look and feel like if you took the human out of the transportation equation and designed something solely to chauffeur passengers from point A to B.
“The project is about changing the world for people who are not well-served by transportation today,” Google co-founder Sergey Brin said at the inaugural Code Conference in Rancho Palos Verdes, California. “There’s not great public transportation in many public places in the United States.”