Friday, May 9, 2014

Carlyle to Earn Triple from Nine Months of Beats?

Seeking Alpha ran the rumor of Apple's purchase of Beats for $3.2 billion, a mere nine months after The Carlyle Group invested $500 million in the firm, then valued at $1 billion.  The PEU boys brag of adding value.  What did Carlyle do to triple the firm in three short quarters?  Did they distributed brightly colored headphones at the annual investor meeting (not the unit-holder version)?

Update 5-28-14:  Bloomberg made the Beats' rumor official.