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

Tags: 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.

EDITORIAL OF THE DAY

  • Finalising the formula for fixing the fair market value of shares calls for a detailed debate

    Whenever there is a change of regime at the Centre, the new government has its tasks cut out for execution.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Roopen Roy

High CEO pay and the gaps it leaves

Unlike the UK, Norway took a remarkable decision with its ...

Zehra Naqvi

Watch your words, for they can kill

You must’ve heard the ph­rase ‘if looks could kill’. Ever ...

Dharmendra Khandal

Biodiversity day has come and gone. Yet again

Every year on May 22, world celebrates international biodiversity day. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture