0
Wireless

Apple set to buy Beats for USD 3.2 billion - report

Friday 9 May 2014 | 08:46 CET | News
Apple is in advanced talks to acquire headphone maker and music streaming operator Beats Electronics for USD 3.2 billion, Apple's largest purchase to date, people familiar with the matter told the Financial Times. The deal could be announced as early as the week of 12 May, but some details have still not been agreed and the talks could still break down. Apple is expected to buy Beats' streaming service and its audio equipment business, with Beats' management team reporting to Apple CEO Tim Cook. Beats holds a leading position in the market for premium headphones, but its real value to Apple

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet / Mobile & Wireless
Companies: Apple / Beats
Countries: United States / World
::: add a comment
This article is part of dossier

iPhone


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Apple seeks trademarks for four more Beats stations

Published 29 Dec 2015 10:20 CET | United States
Apple applied with the US Patent and Trademark office in November for trademarks for four new Beats live streaming radio ...

Apple en Beats: een premium combinatie

Published 30 May 2014 14:50 CET | World
Apple koopt met Beats in beginsel een consumentenelektronicabedrijf dat zijn producten tegen hoge marges verkoopt in het ...

Apple to buy Beats for USD 3 billion

Published 29 May 2014 08:31 CET | World
Apple has agreed to acquire the streaming music service and headphones maker Beats. As part of the acquisition, Beats co-founders ...

Apple mulls iTunes Android app, new streaming service

Published 24 Mar 2014 07:16 CET | United States
Apple is considering launching an iTunes app for Android phones, reports Billboard magazine citing three unnamed sources. These ...

Apple launches iTunes Radio in Australia

Published 11 Feb 2014 01:31 CET | Australia
Apple has launched iTunes Radio in Australia. iTunes Radio is a free internet radio service featuring over 100 stations and a ...

Apple to expand iTunes Radio to UK, Canada - report

Published 08 Oct 2013 10:08 CET | World
Apple intends to bring iTunes Radio to English-speaking countries outside the US by early 2014, namely to the UK and Canada, ...

Beats gets investment from Carlyle, HTC sells stake

Published 27 Sep 2013 17:37 CET | World
Audio brand Beats Electronics has announced that the Carlyle Group has agreed to make a minority investment in the company. ...

Apple iTunes Radio adds partners for September launch

Published 21 Aug 2013 15:22 CET | World
Apples iTunes Radio is set to debut in September with a handful of high-profile brand partners including McDonalds, Nissan, ...

Beats plans to buy out HTC, talks to new investor - report

Published 19 Aug 2013 09:48 CET | World
Mobile headphones company Beats Electronics is planning to buy out Taiwanese phonemaker HTC's 25 percent stake and attract a new ...

Beats raises USD 60 mln for music service, meets with Apple

Published 06 Mar 2013 11:06 CET | United States
Headphones company Beats Electronics has raised USD 60 million from Len Blavatnik, James Packer and other investors to spin off a ...