It’s official says Brian X. Chen, reporting for the NY Times: Apple, ending weeks-long speculation on the deal, says today that they’re buying Beats for $3 billion. While a little bit less than the $3.2 billion I reported back on May 8th, this is still a huge deal for both companies, and Apple’s largest acquisition since they bought NeXT computer, bringing Steve Jobs back to the company he founded, for $400 million in 1997.
With all the speculation coming to an end, it’s time to examine the question many are still asking: Why did Apple buy Beats anyway? Here are my top 5 reasons I think this acquisition makes sense for both companies.