Apple reportedly close to acquiring Beats Electronics for as much as $3.2b
May08
A new report from Financial Times claims that Apple is close to signing a $3.2 billion acquisition deal for Beats Electronics that would bring both its headphones business and its new streaming music service into the fold. The agreement has yet to be finalized, but the report claimed that an announcement could come as early as next week. The Wall Street Journal, The New York Times and re/code have corroborated the report. If true, the acquisition would be an unusually large one for Apple, which has tended to avoid billion-dollar deals. Apple CEO Tim Cook did tell the Journal in February that…
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