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Apple Reportedly in Final Talks to Acquire Beats for $3.2 Billion

Apple Reportedly in Final Talks to Acquire Beats for $3.2 Billion

Posted May 8, 2014 at 10:34pm by iClarified
Apple is reportedly in the final talks to acquire Beats Electronics for $3.2 billion, reports The Financial Times

According to the report, Apple is in the final-stages of talks with Beats to acquire the streaming Beats Music service, as well as the headphone/speaker division of the company. The Beats headphones have seen huge mainstream success with the collaboration with Dr. Dre and the streaming service has seen recent success.

Apple will acquire Beats' streaming music service, which launched this year, and its audio equipment business, which includes its brand of headphones and audio equipment. The Beats management team will report to Mr Cook, said people familiar with the deal.


If this deal were to go through, it would make it Apple's largest acquisition yet (Apple's largest acquisition to date was NeXT computer for $404 Million back in 1997, which brought Steve Jobs back to the company). People familiar with the matter said the deal could be announced as early as next week, however some final pieces must be put together before the deal is complete.

Apple has been rumored to be working on a complete overhaul of iTunes in order to compete with on-demand music services like Spotify. If this deal were to go through, Apple could incorporate Beats Electronics' music streaming service rather than build its own from the ground up.

Bloomberg News and The New York Times are both corroborating this report as well.

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Apple Reportedly in Final Talks to Acquire Beats for $3.2 Billion

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Comments (13)
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Vallygirl
Vallygirl - May 11, 2014 at 11:48pm
I hope Apple will enhance the acoustic quality
gamerscul9870
gamerscul9870 - May 12, 2014 at 12:01am
I think we all know what will happen. :)
lynes
lynes - May 9, 2014 at 3:08pm
an apple a day keeps the doctor away, not in this case
Fukran John
Fukran John - May 9, 2014 at 10:56am
wow. Really ? How does this happen ? Appple buying something ? Unbelievable. They normally either steal or take patent and then fight for it. I just don't believe this. It should be rumor. As we all know the music was discovered by appple for the first time so the speakers which play the music also belongs to Appple so headsets. So obviously appple deserve the patent and fight.
24601
24601 - May 9, 2014 at 3:04pm
go troll somewhere else
gamerscul9870
gamerscul9870 - May 9, 2014 at 3:23pm
Well said!!
JJ
JJ - May 9, 2014 at 7:26am
The deal has been made already, check tyrese Gibson on Instagram, he's posted a few videos with Dr Dre saying the deal is done.
odedoo1
odedoo1 - May 9, 2014 at 6:23am
Why?? Apple need to buy a battery research company not this it don't make sense.
gamerscul9870
gamerscul9870 - May 9, 2014 at 10:40am
They already have battery suppliers making them. Besides how will they know which one to trust to make with if the phone is super thin and nonremovable?
justabrake
justabrake - May 9, 2014 at 12:04am
Hey maybe someone will talk to apple about front speakers in the iPhone,iPads !
gamerscul9870
gamerscul9870 - May 9, 2014 at 12:52am
Why do that when you can just use an accessory, besides what about how different he sound is, or better yet how good it looks for a product?
gamerscul9870
gamerscul9870 - May 9, 2014 at 12:53am
the*
gamerscul9870
gamerscul9870 - May 8, 2014 at 11:17pm
Please yes. Some things iTunes Radio did grew quickly popular and beats' products are shit minus the pill speaker.
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