And the Beats go on: $3.2 billion deal may not be finalized until next week


Apple’s much-discussed acquisition of Beats Electronics might not be finalised until next week, according to “people familiar with the transaction.”

In a brief note from Re/code, this is described as a “longer timetable than some people expected as recently as a few days ago.”

It’s not known what’s causing the holdup — especially since Dre all but confirmed the deal when he bragged about being “the first billionaire in hip hop.” As part of the deal, both he and Beats co-founder Jimmy Iovine are expected to take on senior roles at Apple, with Iovine reportedly becoming a “special adviser” to Tim Cook on unspecified creative projects.

Even if the deal isn’t finalized until next week, however, that still leaves enough time for Apple to announce it, and present Dr. Dre and Iovine on stage at the upcoming WWDC keynote, June 2.

Either way, we look forward to the next episode.

About the author

Luke DormehlLuke Dormehl is a UK-based journalist and author, with a background working in documentary film for Channel 4 and the BBC. He is the author of The Formula: How Algorithms Solve All Our Problems, And Create More and The Apple Revolution, both published by Penguin/Random House. His tech writing has also appeared in Wired, Fast Company, Techmeme, and other publications. He'd like you a lot if you followed him on Twitter.

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