Saturday, 10 May 2014

Apple buying Beats Electronics for $3.2 billion


Apple is proposing a $3.2 billion deal to acquire Beats Electronics LLC, the high-end headphone maker that recently launched the Beats Music subscription service.

Beats was founded by music industry veteran Jimmy Iovine and Dr. Dre, the hip-hop producer and artist.

Apple and Beats declined to comment on the potential deal, which was earlier reported by the Financial Times.

No comments:

Post a Comment