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Post by Loop 7 on Jan 30, 2015 8:00:56 GMT -5
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Post by djoel on Jan 30, 2015 12:13:49 GMT -5
56 Mil sounds like a deal.
DJoel
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Post by Loop 7 on Jan 30, 2015 13:38:19 GMT -5
I'm thinking the strategy is to flip it. Apple paid an irrational amount for Beats (hardware and streaming) so I won't be surprised if Mr. Z's company will work to increase adoption and then sell.
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hemster
Global Moderator
Particle Manufacturer
...still listening... still watching
Posts: 51,922
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Post by hemster on Jan 30, 2015 13:41:25 GMT -5
At $56 million, I hope shipping is included.
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Post by bub on Jan 30, 2015 16:42:58 GMT -5
I think I read 500,000 subscribers. If true doesn't make much sense to sell for 56m.. 500,000 x $20 x 12 months =. $120,000,000 @ year revenue
I probably read it wrong but sounds like a steal if iI'm even close
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