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


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags social mediamobilesmartphonesinternetApplesocial networkingmobile applicationsconsumer electronicsInternet-based applications and servicesMusic and audioBeats Electronics

Featured

Slideshows

Reseller News Platinum Club celebrates leading partners in 2019

Reseller News Platinum Club celebrates leading partners in 2019

The leading players of the New Zealand channel came together to celebrate a year of achievement at the annual Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months.

Reseller News Platinum Club celebrates leading partners in 2019
Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosted its second annual alumnae breakfast for the Women in ICT Awards in New Zealand, designed to showcase the leading female leaders in the industry. Held at The Cordis in Auckland, attendees came together to hear inspiring keynotes and panel discussions, alongside high-level networking among peers. Photos by Gino Demeer.

Reseller News hosts alumnae breakfast for Women in ICT Awards
Reseller News Innovation Awards 2019: meet the winners

Reseller News Innovation Awards 2019: meet the winners

Reseller News honoured the standout players of the New Zealand channel in front of more than 480 technology leaders in Auckland on 23 October, recognising the achievements of top partners, emerging entrants and innovative start-ups.

Reseller News Innovation Awards 2019: meet the winners
Show Comments