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. That’s why we have kept investing in music and are bringing together these extraordinary teams so we can continue to create the most innovative music products and services in the world.” Obviously Dr. Dre and Jimmy Iovine must be absolutely ecstatic that the deal finally closed, but you know who else must be really relieved? Tyrse Gibson. Imagine how guilty Tyrese would have felt if the rumors were true and that he caused Apple to kill the deal deal by prematurely uploading a profanity laced video to Facebook the night the story leaked???
