Apple on verge of buying Beats for $3.2 billion: Report

Tags: apple, Beats, News
A published report says Apple is orchestrating a $3.2 billion acquisition of Beats Electronics,

RELATED ARTICLES

the headphone maker and music streaming distributor founded by hip-hop star Dr Dre and record producer Jimmy Iovine.

The Financial Times says the deal could be announced as early as next week. The newspaper cited people familiar with the negotiations. Yesterday's report warns there is a still a chance the talks could collapse.

Both Apple Inc. And Beats Electronics declined to comment to The Associated Press.

If the deal is completed, it would be by far the largest acquisition in Apple Inc.'s 38-year history.

The acquisition would add Beats Electronics' popular line of headphones and music streaming service to an Apple line-up that already includes iPods and the iTunes store, the world's top music retailer.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India must take the UN’s lead in recognising gay rights

    In what has by now become a matter of course, our judiciary again demonstrated that it is miles ahead of our government in terms of staying in tune wi

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

Today's Columns

Urs Schoettli

Lee’s legacy will always guide Singapore

LEE Kuan Yew, the father of modern Singapore, died last ...

Rajgopal Nidamboor

Forget the past and embrace the present

It is all right to believe that one should always ...

Bubbles Sabharwal

Relationships and bitter realities

It’s a tangled web we spin The relationships we make, break ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture