Tag Archive: billion


Kanye West: Apple spent $3 billion on Beats to get back at Samsung

From telling Tim Cook not to be dumb, to proclaiming himself the next Steve Jobs, Kanye West can always be trusted to chime in with a nuanced take on Apple business. Now the newly-married creative genius has offered his two…Read more ›

Siri’s favorite table reservation system gets bought for $2.6 billion

Hotel booking giant Priceline.com has announced that it will acquire OpenTable, the online reservation service for restaurants which provides Siri’s table booking functionality. Priceline will pay $ 2.6 billion as part of the all-cash deal, which breaks down as $ 103 per…Read more ›

Infographic traces Temple Run’s race to 1 billion downloads

You could run to the sun and back 160 times with the total meters run in Imangi Studio’s award-winning iOS games, Temple Run and Temple Run 2. Or you could fill 300 Olympic swimming pools with the number of gold…Read more ›

Apple buys Beats officially for $3 billion

Two weeks after the news of the deal was first reported, and Apple has officially announced its buyout of Beats for $ 3 billion. “We could build about anything that you could dream of. But that’s not the question,” Apple CEO…Read more ›

AT&T to purchase DirecTV for close to $50 billion

AT&T has confirmed that it is going to acquire satellite television operator DirecTV for $ 48.5 billion. With a customer base of more than 35 million subscribers (as of December 2012), DirecTV is the second-largest pay TV provider in the United…Read more ›

Carl Icahn now owns a massive $4.4 billion of Apple shares

Bullish billionaire activist-investor Carl Icahn recently ramped up his stake in Apple to the tune of 2.8 million shares — bringing his total stake in the company to a little over $ 4.4 billion. Icahn’s position was revealed in a Securities…Read more ›

And the Beats go on: $3.2 billion deal may not be finalized until next week

Apple’s much-discussed acquisition of Beats Electronics might not be finalised until next week, according to “people familiar with the transaction.” In a brief note from Re/code, this is described as a “longer timetable than some people expected as recently as…Read more ›

Forgotten by Dre: How two Beats founders were cut out of the $3.2 billion deal

If you’ve read Walter Isaacson’s Steve Jobs biography, you possibly know the name Ronald Wayne. That’s the investor who dropped out of Apple 12 days into its existence as a company — losing around $ 35 billion after selling his shares…Read more ›

Apple is raising $17 billion in debt for expanded buyback program

Wall Street is lining up to stuff its pockets with cash from Apple’s money printing empire, but rather than dipping into its massive offshore cash pile to pay for its expanded buyback program, Apple is once again planning to raise…Read more ›

Facebook Now Has 1 Billion ‘Active’ Mobile Users

Following news of Facebook’s surprise acquisition of Oculus VR for $ 2 billion, Mark Zuckerberg shared some impressive numbers regarding the social network’s sustained mobile growth. Facebook has an “active” mobile user base of 1 billion, Zuckerberg announced, while the Facebook-owned…Read more ›    [Read More…]