This is how the big boys do it, and by big boys we mean the good folks at the Carlyle Group, a global asset management firm based in Washington that last year invested—to some guffaws—$500 million for just under 50 percent of Dr. Dre’s Beats Electronics, purveyors of banging headphones that have become a hi-sign of the hip.
The business press is reporting this morning that Apple is about to buy Beats for $3.2 billion. If it happens next week, as is speculated, the sale, Apple’s largest ever acquisition, would give Carlyle a $1 billion return on their seven-month old investment, according to the Wall Street Journal.
Carlyle Group Could Earn Sweet Pay-Off in Possible Beats Sale to Apple
This is how the big boys do it, and by big boys we mean the good folks at the Carlyle Group, a global asset management firm based in Washington that last year invested—to some guffaws—$500 million for just under 50 percent of Dr. Dre’s Beats Electronics, purveyors of banging headphones that have become a hi-sign of the hip.
The business press is reporting this morning that Apple is about to buy Beats for $3.2 billion. If it happens next week, as is speculated, the sale, Apple’s largest ever acquisition, would give Carlyle a $1 billion return on their seven-month old investment, according to the Wall Street Journal.
Turn it up.
Editors' Picks
The Making of Rod Rosenstein
Check Out the Inspiring Personal Style (And Killer Outfits) of Nine of the Most Fashionable People in DC Right Now
Would Amazon’s HQ2 Really Be Good for Washington?
8 Day Trips to Do Every Weekend This Fall
Most Popular
Hoagie Chain Taylor Gourmet Will Close All of Its Stores
Weddings of the Rich & Famous
Look at the Passages Brett Kavanaugh Underlined in the 25th Amendment
Sweetgreen’s First Market Opens This Week With Frozen Yogurt and Local Produce
The 100 Very Best Restaurants in Washington
September 2018: Style Setters
Related
What We Lost When We Lost Hank Dietle’s
WJLA’s TV Legends Are Vanishing. Does It Matter?
In Defense of 2016
There Are Still Six Confederate Memorials Around DC. How’s That Possible?
More from News
Cruz Ambush Protest Planners: ‘We Have Eyes and Ears Everywhere’
No Power Restaurant Is Safe From Political Protests Now
The Making of Rod Rosenstein
Washingtonian Today: Ted Fled