Archive
May 9, 2014
Apple's Beats Deal Is All About Bringing Music Mogul Jimmy Iovine On Board
As part of the $3.2 billion deal to acquire Beats, legendary music executive Jimmy Iovine is expected to join Apple in a "creative role." The deal is essentially the biggest music industry acqui-hire.
U.S. Top Middle East Negotiator: Continued Israeli Settlements "Intended" To Damage Talks
Martin Indyk says both sides were to blame for the failure of talks, but apportions special blame to the lack of an Israeli settlement freeze.
Universal Has A Big Stake In Beats That's Worth Nearly $500 Million
Little known to most everyone is that Universal owns a 14% stake in Beats, which at the rumored $3.2 billion sale price equates to a windfall of $448 million for the world's largest record label.