MarketFoolery: 05.12.2014
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 12 May 2014
⏱️ 16 minutes
🧾️ Download transcript
Summary
Apple’s in talks to buy Beats for $3.2 billion. General Motors has a new perception problem to deal with. And we share a few thoughts from our annual meeting.
Transcript
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| 0:00.0 | It's Monday, May 12th. Welcome to Market Foolery. I'm Chris Hill joining me in studio today from |
| 0:07.0 | Fool.com, David Hanson and Taylor Markerman. Happy Monday guys. |
| 0:12.0 | Back from a long week of Fool of Palooza. |
| 0:14.0 | Yes, we all survived the Motley Fool's annual meeting. |
| 0:17.0 | We'll get to that. |
| 0:18.0 | Yeah. |
| 0:19.0 | We'll talk a little bit about Foolooza. |
| 0:20.0 | We've also got General Motors in the news but let's start with the the big |
| 0:25.4 | deal of the week or potentially the big deal of the week because this is not |
| 0:29.7 | finalized but Apple is in talks to buy Beats for 3.2 billion. |
| 0:37.0 | On the surface, David, I think there are people who look at this and say, |
| 0:41.0 | wait a minute, wait a minute, you've got this massive company in a minute you've got this massive company in Apple you've got this |
| 0:44.7 | someone argue an upstart company in Beets co-founded by Andre Young aka Dr, from the rap group in W.A. |
| 0:55.0 | And it doesn't necessarily seem, it seems a little bit like this could be a strange bedfellow |
| 0:59.1 | situation. |
| 1:00.1 | But the more you dig into this, the more it seems like this could be a good deal for all involved and a particularly smart move for Apple. |
| 1:09.0 | I wonder how many like 75 year old investors were like who's this Dr. Dre is he like Dr. Ost is |
| 1:16.0 | yeah and then then do a Google search maybe find some of this or not getting medical |
| 1:20.7 | advice from that guy well Well, you know, medical marijuana industries booming, so maybe you could. |
| 1:26.0 | Maybe he could. |
| 1:27.0 | It seems like an okay deal. |
| 1:29.0 | It seems a little pricey from Apple's perspective, but I mean when you look at Apple's cash, I guess they can afford to throw a couple billion around. |
... |
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