Apple on verge of buying Beats for $3.2B
SAN FRANCISCO, Calif. – 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, according to a published report. Citing people familiar with the negotiations, The Financial Times says Apple could announce the deal as early as next week. In its report posted online late Thursday, the newspaper warned the talks could still collapse if the two sides can’t agree on some final details. Both Apple Inc. and Beats Electronics declined to comment to The Associated Press. The potential acquisition would...
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