360° Coverage : Apple Rumored to Purchase Beats Electronics for $3.2 Billion

Apple Rumored to Purchase Beats Electronics for $3.2 Billion

Apple is reportedly going to spend a huge amount of money for purchasing Beats Electronics in order to enhance the sound system of its products

May 9 2014, 2:51pm CDT | by

Apple Rumored to Purchase Beats Electronics for $3.2 Billion
Photo Credit: Getty Images

Apple is continuing to strengthen its team for developing future products with the purchase of new companies, as a latest report claims that the tech giant is going to buy Beats Electronics.

According to Apple Insider, the report has been published by The Financial Times, stating that the deal will be made for a massive $3.2 billion, referring reliable sources.

Beats Electronics, the company which was founded by Dr. Dre and Jimmy Iovine, is known for producing high-quality headphones and speakers. It also provides streaming music service, called the Beats Music.

The acquirement will enable Apple to apply the technology of Beats Electronics to enhance the sound system of its devices and headphones, along with the authorization of the streaming music service.

However, both the parties haven’t confirmed the deal yet.  

 

 

 
 
 


Ehsanul Haque Kanan is covering consumer electronics with passion. He is especially an avid follower of all things Apple.

 

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