French media group Vivendi / Universal Music Group agreed to sell its stake in Beats Electronics from Apple. This was reported on Friday The Wall Street Journal.
Vivendi share cost producer iPhone and iPad at $ 404 million According to the publication, this amount twice the cost at the time of purchase. Beats shareholder with a share of 13% of the company Vivendi began in September last year.
Earlier this year, Vivendi announced a program of asset sales by more than 30 billion dollars, and also announced revision program strategy, including the sale of the mobile telephone unit SFR for $ 23 billion. After the sale of Vivendi plans to focus on the media business.
As for Apple, it has reached an agreement to purchase Beats Electronics for $ 3 billion in May this year. Purchase became the largest in the 38-year history of the Californian giant who prefer to buy small startups. Under the deal, to Apple, in addition to the founders, and business goes on production line of headphones manufactured under the brand Beats. Audio streaming service Beats Music will also be part manufacturer iPhone. The Corporation will pay for the asset $ 2.6 billion in cash and 400 million in shares.
Apple today welcomed Beats Electronics of the Company. Appeared on the websiteapple.com separate page " Welcome to the family ", dedicated to deal with the manufacturer of headphones.