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, 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E-mail ID will not be published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

  • RBI has been wise to retain policy rates

    The Reserve Bank of India has been wise to retain policy rates in its latest money policy announcement.

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

COLUMNIST

Arun Nigavekar

Education domain must be autonomous

Few issues in the higher education domain exist despite numerous ...

Rajgopal Nidamboor

Can we modify our emotional bearings?

We are not always a replica of our thoughts, emotions ...

Gautam Gupta

French fashion icon Gaultier’s pret goodbye

With Gaultier gone, the world of international prêt will never ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture