Apple is officially buying Beats for $3 miliardo, just shy of the rumored price leaked a few weeks ago, the companies announced Wednesday.
Mela (AAPL, Fortuna 500) will pay $2.6 billion up front, plus another $400 million over time. Apple’s getting stylish hardware from Beats Electronics and a streaming service with Beats Music.
The deal is chump change for Apple, which is sitting on a giant mountain of cash: $159 billion as of last year.
Ancora, many think Apple is wasting its time with Beats. The music streaming service has an estimated 500,000 clienti, puny compared to Spotify’s 4 million subscribers. Pandora (P), which is valued by investors at $5.2 miliardo, has more than 250 million active accounts. Apple could buy 30 Pandoras right now.
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