4 ms·

Okay, I'm ready to stick my neck out here. £100 says Apple is not buying Beats.

by jackgavigan 12y ago

bgroins 12y ago
Whooooooooo are you talking to?
- jackgavigan 12y ago
  Anyone who's ready to bet £100!
  - ghshephard 12y ago
    So, given that, by all accounts (Dre, NYT, WSJ, FT, etc..) a multi-billion dollar deal went down this weekend between Beats and Apple, what actually do you think did occur, if not the acquisition of Beats by Apple. Licensing deal? Revenue Share? Marketing Deal?
    - jackgavigan 12y ago
      I don't think a deal has been or will be done.
      - ghshephard 12y ago
        If that is the case, then the WSJ will have a lot of egg on its face from screwing up the reporting on this - they supposedly have multiple sources. "Apple Inc. AAPL +1.24% is preparing to bolster its streaming-music business with a proposed $3.2 billion deal to acquire Beats Electronics LLC, the high-end headphone maker that recently launched the Beats Music subscription service, according to people familiar with the matter." That's unequivocal - and has a specific price tag, $3.2 Billion, and the LLC that is being acquired. Would love to see this all be a misunderstanding though - I give it low (but not impossible) probability.
        epistasis 12y ago
        WSJ hasn't screwed up anything, they've just said that they're in talks. A deal is not done until both sides have signed. Prematurely going public has ruined many a deal, and in the Jobs days the other side announcing a deal first would have completely torpedoed anything. Apple has said nothing on this at all, and it's been almost a week. It seems extremely unlikely that this is real, given the way that it was announced. It just smells completely fishy. Most likely Beats thought they could get a better price by going public too early, and didn't think that Cook would cancel the deal because of it. That or they're just complete fucking idiots. Don't talk about deals until they're done, unless you know exactly what you're doing, because it's a tight rope to walk.
      - Mandatum 12y ago
        How do we formalize this bet?
SethMurphy 12y ago
I agree. I predict Facebook or Yahoo will outbid the offer. Apple has intention, but Dre want's to be a billionaire and wouldn't be at the proposed price. The best way to get to a billion for him is to get companies fighting over Beats.
NerdfaceKillah 12y ago
On Tyrese's Instagram he clearly insinuates that it's a done deal. Why would they troll everyone like that? Sure they could just be playing along but it's not like them, or they haven't done anything stupid like that in the past that would indicate they're trying to troll everyone. Dre has all but directly said they were bought out. It is a done deal.
dustcoin 12y ago
I'll take this bet. I'm in the US so i'm not sure the best way to transact GBP but I can also do £100 of bitcoin. Edit: Some proof of reputation: http://pastebin.com/raw.php?i=J9u6KyMk http://pastebin.com/raw.php?i=J9u6KyMk Reply to this post to confirm within 24 hours, assuming Apple does not announce anything officially beforehand. Elsewhere in the thread you state there will be no deal, so I will count deals that result in Apple controlling or owning a significant portion of Beat's business as a win for me. We can figure out the payment later.
- jackgavigan 12y ago
  Alright, but we need to agree a time limit. Shall we say by the end of the month? That's over two weeks.
  - dustcoin 12y ago
    Don't M&A deals take a long time to actually close? From some quick googling I'm seeing an average of a couple of months. I'm betting that a deal is actually going to happen, not that lawyers will move quickly. I'll bet that an Apple spokesperson or apple.com will confirm the deal before or on June 13, 2014, GMT.
    - jackgavigan 12y ago
      Yeah, I'm not suggesting we wait until it's been signed, sealed and delivered. I'm happy with an announcement by/on June 13th.
      - dustcoin 12y ago
        Ok, the bet is on.

Okay, I'm ready to stick my neck out here. £100 says Apple is not buying Beats.

bgroins 12y ago

Whooooooooo are you talking to?

jackgavigan 12y ago
Anyone who's ready to bet £100!
- ghshephard 12y ago
  So, given that, by all accounts (Dre, NYT, WSJ, FT, etc..) a multi-billion dollar deal went down this weekend between Beats and Apple, what actually do you think did occur, if not the acquisition of Beats by Apple. Licensing deal? Revenue Share? Marketing Deal?
  - jackgavigan 12y ago
    I don't think a deal has been or will be done.
    - ghshephard 12y ago
      If that is the case, then the WSJ will have a lot of egg on its face from screwing up the reporting on this - they supposedly have multiple sources. "Apple Inc. AAPL +1.24% is preparing to bolster its streaming-music business with a proposed $3.2 billion deal to acquire Beats Electronics LLC, the high-end headphone maker that recently launched the Beats Music subscription service, according to people familiar with the matter." That's unequivocal - and has a specific price tag, $3.2 Billion, and the LLC that is being acquired. Would love to see this all be a misunderstanding though - I give it low (but not impossible) probability.
      - epistasis 12y ago
        WSJ hasn't screwed up anything, they've just said that they're in talks. A deal is not done until both sides have signed. Prematurely going public has ruined many a deal, and in the Jobs days the other side announcing a deal first would have completely torpedoed anything. Apple has said nothing on this at all, and it's been almost a week. It seems extremely unlikely that this is real, given the way that it was announced. It just smells completely fishy. Most likely Beats thought they could get a better price by going public too early, and didn't think that Cook would cancel the deal because of it. That or they're just complete fucking idiots. Don't talk about deals until they're done, unless you know exactly what you're doing, because it's a tight rope to walk.
    - Mandatum 12y ago
      How do we formalize this bet?

SethMurphy 12y ago

I agree. I predict Facebook or Yahoo will outbid the offer. Apple has intention, but Dre want's to be a billionaire and wouldn't be at the proposed price. The best way to get to a billion for him is to get companies fighting over Beats.

NerdfaceKillah 12y ago

On Tyrese's Instagram he clearly insinuates that it's a done deal. Why would they troll everyone like that? Sure they could just be playing along but it's not like them, or they haven't done anything stupid like that in the past that would indicate they're trying to troll everyone. Dre has all but directly said they were bought out. It is a done deal.

dustcoin 12y ago

I'll take this bet. I'm in the US so i'm not sure the best way to transact GBP but I can also do £100 of bitcoin. Edit: Some proof of reputation: http://pastebin.com/raw.php?i=J9u6KyMk http://pastebin.com/raw.php?i=J9u6KyMk Reply to this post to confirm within 24 hours, assuming Apple does not announce anything officially beforehand. Elsewhere in the thread you state there will be no deal, so I will count deals that result in Apple controlling or owning a significant portion of Beat's business as a win for me. We can figure out the payment later.

jackgavigan 12y ago
Alright, but we need to agree a time limit. Shall we say by the end of the month? That's over two weeks.
- dustcoin 12y ago
  Don't M&A deals take a long time to actually close? From some quick googling I'm seeing an average of a couple of months. I'm betting that a deal is actually going to happen, not that lawyers will move quickly. I'll bet that an Apple spokesperson or apple.com will confirm the deal before or on June 13, 2014, GMT.
  - jackgavigan 12y ago
    Yeah, I'm not suggesting we wait until it's been signed, sealed and delivered. I'm happy with an announcement by/on June 13th.
    - dustcoin 12y ago
      Ok, the bet is on.