While it was previously reported that the Apple buyout of Beats Electronics was supposed to be announced this week, Billboard has compiled a list of five different reasons the deal isn’t yet finalized according to its own sources.
A few of these potential hold-ups include issues determining Beats’ valuation and issues with finding a place for Dr. Dre and Jimmy Iovine to fit into Apple’s corporate structure. According to one of Billboard’s sources, Apple’s executives were “freaked out” by the video that surfaced a few weeks ago of Dr. Dre and Tyrese Gibson (accidentally) confirmed that a deal was in the works.
A recent post on the anonymous social network Secret from a user claiming to be an Apple employee says that the talks between the two companies have ended without a deal. Of course, as with anything on Secret, the anonymous nature of the network makes this information dubious at best.
FTC: We use income earning auto affiliate links. More.