Following the flurry of reports late last week regarding Apple’s plan to acquire Beats Electronics, a lot of folks expected the iPad-maker to comment on the matter after the long weekend. But Monday came, and went, without a single word from Cupertino.
As it turns out, that may be because it isn’t a done deal yet. Citing people familiar with the transaction, Recode’s Peter Kafka is reporting that Apple’s Beats acquisition is taking longer than originally expected, and it may not be finalized until next week…
Here’s the scoop from Kafka:
Apple’s planned deal to buy Beats Electronics for $3.2 billion may not be finalized until next week, according to people familiar with the transaction. That’s a longer timetable than some people expected as recently as a few days ago.
Once the deal is completed, Beats co-founders Dr. Dre and Jimmy Iovine are expected to take on senior roles at Apple. And according to a report from Billboard earlier this week, the two could see a grand introduction at the WWDC keynote next month.
But until then, it looks like we’ll have to continue to put up with speculation on why an Apple-Beats deal makes sense, and why it would be worth some $3 billion. And if you’re into that kind of stuff, we put together a little roundup of some of the top theories.