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Apple looking to bite into Beats headphones for 3.2 billion dollars
Published in Saudi Press Agency on 09 - 05 - 2014

Apple is negotiating to buy headphone maker and music-streaming service Beats Electronics LLC for more than 3 billion
dollars, which would be the largest acquisition in the tech giant's
history, according to multiple media reports Friday, dpa reported.
Neither company has officially confirmed the deal between the iPhone
maker and Beats.
Forbes.com reported the acquisition could be completed in "a matter
of days." Apple would by Beats for 3.2 billion dollars, Bloomberg
reported citing "people with knowledge of the matter."
Beats co-founder, hip-hop artist Dr Dre, alluded to the deal in a
Youtube video saying "The first billionaire in hip-hop history right
here."
Beats was founded in 2008 by Dr Dre and music executive Jimmy Iovine.
The company launched a streaming music service in January to compete
with the Swedish company Spotify, Pandora Media and Apple's iTunes
Radio, the Los Angeles Times reported.
Smartphone manufacturer HTC pulled out of Beats in September after
purchasing the majority of the company for 300 million dollars in
2011. The new investor became Carlyle Group LP.
-- SPA
21:58 LOCAL TIME 18:58 GMT
تغريد


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