It S Official Apple Confirms Beats By Dre Acquisition 2 6 Billion In Cash 400 Million In Stock
As we mentioned, this is the largest acquisition in Apple’s history. It trumps the second largest acquisition by $2.6 billion. Maybe this is just the first of many large acquisitions for Apple. After all, the company still has roughly $150 billion in cash reserves just sitting in the bank. It also earned $171 billion in revenue last year alone. Apple CEO Tim Cook released the following statement earlier today about the deal: “Music is such an important part of all of our lives and holds a special place within our hearts at Apple....