Menu
Apple may buy Beats Electronics for $3.2 billion, reports say

Apple may buy Beats Electronics for $3.2 billion, reports say

Beats is a popular maker of headphones and a new music streaming service

Apple is in talks to buy headphones maker Beats Electronics for US$3.2 billion, in what would be its largest-ever acquisition, according to reports Thursday.

The deal could be announced as soon as next week, according to the reports, which cited people familiar with the negotiations, though the talks could also fall apart, they cautioned. The news was reported by the Financial Times and The New York Times.

Beats makes a popular line of headphones and recently launched a streaming music service. The company was founded by music producer Jimmy Iovine and hip-hop artist Dr. Dre.

Should the deal go through, it would mark a major new content and hardware push for CEO Tim Cook. Apple was known to be wary of big acquisitions under his predecessor, the late Steve Jobs.

Apple and Beats did not immediately respond to requests for comment.

Beats Music could provide Apple with an improved or alternative version of its own streaming music service, iTunes Radio, whose usefulness has been questioned by users versus popular rivals like Spotify and Rdio.

Zach Miners covers social networking, search and general technology news for IDG News Service. Follow Zach on Twitter at @zachminers. Zach's e-mail address is zach_miners@idg.com

Subscribe here for up-to-date channel news

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags Internet-based applications and servicessmartphonesMusic and audiosocial networkingmobilesocial mediainternetmobile applicationsAppleconsumer electronicsBeats Electronics

Featured

Slideshows

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

​Ingram Micro’s Hooked on Lenovo incentive programme recently rewarded 28 of New Zealand's top performing resellers with a full-on fishing trip at Great Barrier Island for the third year​ in a row.

Tight lines as Hooked on Lenovo catches up at Great Barrier Island
Inside the AWS Summit in Sydney

Inside the AWS Summit in Sydney

As the dust settles on the 2017 AWS Summit in Sydney, ARN looks back an action packed two-day event, covering global keynote presentations, 80 breakout sessions on the latest technology solutions, and channel focused tracks involving local cloud stories and insights.

Inside the AWS Summit in Sydney
Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Ingram Micro hosted its third annual Cure Kids Charity Golf Tournament at the North Shore Golf Club in Auckland. In total, 131 resellers, vendors and Ingram Micro suppliers enjoyed a round of golf consisting of challenges on each of the 18 sponsored holes, with Team Philips taking out the top honours.

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day
Show Comments