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This assignment revolves around Apple & Beats Electronics, you are required to analyze issues regarding business consolidations including changes in ownership, insolvency, liquidation, and reorganization.
Apple & Beats electronics
Analyze special issues related to business consolidations including changes in ownership, insolvency, liquidation, and reorganization resulting from the acquisition you selected.
We select about Apple & Beats electronics
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow Harvard format.
On May 28, 2014, Apple company confirmed making an acquisition of beat Electronics. One would wonder what such an acquisition would mean to both companies especially in regards to business concepts. In this report, we conduct an analysis of five major aspects that might come up to explain how the two companies would begin to function as one (Apple Company Press Info Para 1).
Business consolidation refers to amalgamating companies to one major one. In this case, business consolidation between apple company beat electronics follows the concept of an acquisition. This allows apple to make it one of the departments or sub branches of the company. The consolidation takes the form of a statutory merger that allows Apple to survive while retain the ownership of beats electronics. Article 6 (1) (b) of the merger regulation in the European Union guided this acquisition and it approved its suitability (Brown Para 15).
Changes in Ownership
Apple finalized the acquisition by purchasing the stock of beats electronics at US $ 3 Billion. This amount was paid both in cash and in a figure of $ 400 representing Apples stock. This acquisition allowed apple to have total ownership of beat electronics and further maintain control of all the operations. In fact, one major move that followed this acquisition was followed by the intention of Apple Company to lay off about two hundred workers while retaining around five hundred employees. Today, Beat Electronics adds up as a department of Apple Company that sums up other product profiles of the company. This means apple has total control of beat electronics allowing Apple to use it in any way it pleases.
Beat Electronics was yet to experience a condition of insolvency, as the previous owner would put it. In fact, the owners claimed the acquisition came about two weeks after they had conducted a valuation of its entire asset, which netted to a figure of about $ 3.2 Billion. Selling the company at $ 3 billion was attributed to the lower that they thought level of subscription of the company’s online music store shop. This means that Beat Electronics was still a cash cow performer in all other fields (Edwards Para 5).