Apple’s acquisition of Beats Electronics was expected to be
finalized last week for a reported $3.2
billion, but until now, neither company has confirmed the signing of the
deal. Well apparently, the deal has been delayed due to a number of reasons.
According to a report by Billboard, the delay was caused
with Apple having second thoughts if Beats co-founders Beats co-founders Jimmy
Iovine and Dr. Dre will fit in to the company’s current corporate environment,
which is probably the same reason why the folks from Cupertino is still
undecided on whether to give the two permanent executive roles in the company
or to just hire them as consultants.
There were also reports saying that the folks from Cupertino
were reportedly shocked and “outraged” when Beats co-founder Dr. Dre posted a
video on YouTube last week with Tyrese Gibson claiming that he is was the first
billionaire in hiphop once the deal is signed.
And on top of it all, there’s Beats Music’s subscription
base, which is now reported to be in the 200,000. With such a small number,
Apple is probably really thinking hard on whether Beats is a worthwhile investment,
especially with billions of dollars at stake.
