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

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Categories: Internet / Mobile & Wireless
Companies: Apple / Beats
Countries: United States / World
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