360° Coverage : Apple Rumored To Be In Talks With Beats

Apple Rumored To Be In Talks With Beats

Rumors say the company is willing to pay $3.2 billion

May 8 2014, 10:50pm CDT | by

Apple Rumored To Be In Talks With Beats
Photo Credit: Getty Images

According to recent reports, the New York Times is now stating that Apple is working to acquire Beats Electronics for a total of $3.2 billion. If this happens, it will be the largest deal they have made and it will make sure that iPhones have only the highest quality headphones.

The company was originally formed by Dr Dre and Jimmy Iovine, working hard to make it a company that changed the way that people view headphones. Beats by Dre are some of the most popular high end headphones that have ever been on the market, for example. In recent years, however, they have also introduced their own streaming music service, putting them in direct competition with the newly updated iTunes Radio.

In purchasing Beats, Apple will be making sure their headphones are top notch, in addition to getting rid of some of the competition that they face in terms of other streaming services. Eliminating competition has been Appleā€™s MO for a while now, as they work to stop any competing company, much like they are currently doing with the Samsung trials over the Android Operating system, which they say infringes on several of their patents.

They typically have saved acquisitions for suppliers in the past, but this will be the first time Apple is purchasing a brand with a reputation that has already been established.

Source: NYTimes

 
 
 

<a href="/latest_stories/all/all/25" rel="author">Bijon Kumar Pramanik</a>
Bijon Kumar Pramanik is an experienced technology writer working since years in the consumer electronics field.

 

blog comments powered by Disqus

Latest stories

Apple Pay has successful Black Friday
Apple Pay has successful Black Friday
Payment system gearing up for Christmas
 
 
Apple to stop iPhone 5C production
Apple to stop iPhone 5C production
Middle of 2015 is target date
 
 
Apple tops Android on Black Friday
Apple tops Android on Black Friday
iOS accounts for more online mobile sales
 
 
All Cyber Monday Sales
All Cyber Monday Sales
Cyber Monday 2014 is here and all sales and deals are available now. Find below the best Cyber Monday Sales events.
 
 
 

Latest from the Network

Australian researcher discovers first artwork by early human
Sydney, Dec 4 (IANS) An Australian researcher has discovered what is believed to be the first artwork created by a human. The simple zigzag pattern found on a fossilized shell from the Indonesian island of Java has...
Read more on Celebrity Balla
 
Insects compete with rats to clear garbage
New York, Dec 4 (IANS) Insects play a very important role in cleaning up cities and they compete with other pests like rats and pigeons in their endeavour, a study has said. Scientists sampled arthropods - such as...
Read more on Business Balla
 
School headmaster shot dead in Pakistan
Islamabad, Dec 4 (IANS) Unidentified gunmen Thursday killed the headmaster of a private school in Pakistan's Balochistan province. Police officials said the armed men opened fire at the vehicle of Zahid Ali,...
Read more on Politics Balla
 
Four more bodies recovered from sunken South Korean ship
Seoul, Dec 4 (IANS) Four more bodies were recovered Thursday from a sunken South Korean fishing ship in the Bering Sea, the foreign ministry here said. This increased the toll to 16, including six South Koreans and 10...
Read more on Politics Balla
 
Lesbian couple asked to desist in London restaurant
London, Dec 4 (IANS) A lesbian couple in a London restaurant was asked to desist by a staff member, who asked them to "stop what you are doing". Lydia Cawson, 29, said that she and her girlfriend were asked by a staff...
Read more on Politics Balla
 
Oxford Dictionaries to add 1,000 new words
London, Dec 4 (IANS) 'Mamil' (middle-aged man in Lycra), 'silvertail' (a person who is socially prominent or who displays social aspirations) and 'crony capitalism' are among the 1,000 new words to be added to...
Read more on Celebrity Balla
 
Oceans play key role in global 'warming hiatus'
London, Dec 4 (IANS) Increased heat uptake across three oceans - North Atlantic, the Southern Ocean and Equatorial Pacific Ocean - is the likely cause of the 'warming hiatus' -- the current decade-long slowdown in...
Read more on Politics Balla
 
Novel imaging to identify if TB drugs are working
Washington, Dec 4 (IANS) Tuberculosis patients who are not cured of the infection can develop multi-drug resistant TB and have to take as many as six drugs for two years. Now, researchers at University of Pittsburgh...
Read more on Business Balla
 
PM makes first appointment to High Court of Australia
Canberra, Dec 4 (IANS) Prime Minister Tony Abbott's government Thursday appointed former Victorian Supreme Court judge Geoffrey Nettle as the next Justice of the High Court of Australia. Attorney General George...
Read more on Politics Balla
 
18 suspected militants killed in Pakistan airstrikes
Islamabad, Dec 4 (IANS) At least 18 suspected militants were killed Thursday in airstrikes conducted by Pakistan Air Force fighter jets in North Waziristan. According to officials, the airstrikes were conducted in...
Read more on Politics Balla