Apple has acquired Beats for $3 BIllion. After much negotiation, Beats Electronics and the new Beats Music Service was acquired for a purchase price of $2.6 Billion and roughly $400 Million to vest in time, a lower price than the $3.2 Billion earlier speculated. This is Apple’s largest acquisition to date and will generate millions for majority stake holders and co-founders Dr. and Jimmy Lovine as well as 14% stake holder, Universal Music Group. Apple CEO Tim Cook is quoted saying that part of the Beats team will move to Apple including the co-founders and their team who will...

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