Holdups keep coming with the purchase that will Apple’s largest yet
When it comes to acquiring companies, Apple is no stranger to spending a great deal of money. The $3.2 billion acquisition of Beats is set to be the largest they have ever made, but that is something that hasn’t been settled yet.
According to a report from Apple Balla, there are several things that are holding up the deal and making it take longer than many people have expected.
The first thing that Apple seems concerned about is the actual value of the company’s streaming service. Beats has backers from several other companies, making the deal complicated when it comes to settling on the dollar amount that it is actually worth.
There is also the question of the role that the two executives are going to play. Dr Dre and Jimmy Iovine are very powerful men, but what will they be handling at Apple, if anything? There have long been rumors that Steve Jobs was after Iovine for a video service, but with the introduction of iTunes Radio it would seem that they have a renewed interest in streaming audio and figuring out they can make more money off of it.
In either case, there are things that still have to be worked out and it could be a while before anything is set in stone. Apple isn’t happy that the information leaked so soon, but that doesn’t change the fact that they want to make it happen as soon as possible.