It's been just over a week since news broke that Apple was about to pay $3.2 billion for Beats, the headphone and music streaming company. Reports and sources originally said the deal would likely be announced early this week.
So, what's up?
Recode reported recently that the timing of the deal has been pushed back a week. On Friday a person familiar with the talks also told us that a deal could be announced next week.
Even with the passage of time, the news that Apple was poised to possibly make the largest acquisition in its history continued to provoke widespread debate across the Internet.
Does Apple want Beats for its hip headphones? Does it want it for the Beats Music streaming service that launched earlier this year?
If so, the app won't exactly rocket Apple to the front of the streaming pack, ahead of rivals like
Adding to the fun and games: Beats was just sued by the founder of a music streaming service the company acquired in 2012.
In mid-2012, Beats, which then was just a company that made speakers and headphones, acquired music streaming service MOG. David Hyman, MOG cofounder, said he was fired by Beats before his one-year anniversary, which is when his equity incentives were scheduled to vest.
The Wrap reports:
Hyman is asking for a judgment of $20 million, though one has to wonder how an Apple acquisition might affect some of those numbers. Beats has not yet responded to the lawsuit.