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.

Source: Re/code