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.
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