Apple was once known for moving slowly in its mergers and acquisitions agenda. According to reports, the company made 15 “strategic acquisitions” in 2013, a number considered high for the tech giant.
But with the news that Apple is pursuing a buyout of Beats Music in a $3.2 billion deal, reports say the deal is uncovering a possibly growing M&A plan for the firm. Apple CEO Time Cook announced last month that the company’s upgraded acquisition target reached 24 in the last 18 months, reports say, and confirmed that Apple will be aggressive in buyouts even at high costs.
The Beats purchase may signal a new merger wave for Apple, but as reports note, the public can not be too sure about the firm’s acquisitions plans as they are kept behind tightly closed doors at the company.
The iPhone maker is notorious for its secrecy, usually declining to elaborate or confirm buyout speculation, reports say.
Full content: Mac World
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