Apple Reportedly Spending $3.2 Billion For Acquiring Beats Electronics

Posted: May 9 2014, 2:54pm CDT | by , Updated: May 9 2014, 2:58pm CDT, in Apple


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Apple Reportedly Spending $3.2 Billion for Acquiring Beats Electronics
Photo Credit: Getty Images

Apple keeps on buying new companies to build the future products with advanced functions

Apple looks to be very enthusiastic about buying Beats Electronics, as the company is rumored to spend $3.2 Billion to make the deal.

According to Apple Balla, unknown sources have informed about the deal to The Financial Times, stating that Apple is willing to spend the huge amount of money to acquire Beats Electronics.

Beats Electronics is famous for developing headphones and speakers with an outstanding quality, along with the production of the streaming music service, known as the Beats Music. The company was founded by Dr. Dre and Jimmy Iovine in 2006.

The rumor can be true, as Apple is reportedly working hard to add an enhanced feature in the sound system of its different devices and headphones. Moreover, the deal will allow the company to fully control the Beats Music streaming music service, which might get included in the iTunes Radio.

Nonetheless, Apple hasn’t officially declared about the acquirement.

This story may contain affiliate links.


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The Author

<a href="/latest_stories/all/all/25" rel="author">Ehsanul Haque Kanan</a>
Ehsanul Haque Kanan is covering consumer electronics with passion. He is especially an avid follower of all things Apple.




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