Tech Company M&A Transactions
Beats Electronics Acquisition
Beats Electronics, based in Santa Monica, was acquired by Apple. Apple said the transaction price was $3 billion.
Transaction Overview
Company Name
Acquired By
Announced On
5/28/2014
Transaction Type
M&A
Amount
$3,000,000,000
M&A Terms
Apple is acquiring the two companies for a total of $3 billion, consisting of a purchase price of approximately $2.6 billion and approximately $400 million that will vest over time.
Company Information
Company Status
Acquired or Merged
Industry
Entertainment
Mailing Address
1601 Cloverfield Blvd. 5000N
Santa Monica, CA 90404
USA
Santa Monica, CA 90404
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Established in 2006 as the brainchild of legendary artist and producer Dr. Dre and Chairman of Interscope Geffen A&M Records Jimmy Iovine, Beats Electronics provides a premium sound experience at every touch point of the consumer's life.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jimmy Iovine
Co-Founder
Dr Dre
President
Luke Wood
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