Apple to Acquire Beats Electronics for $3.2 Billion


Remember that breakup story that we saw last year between HTC and Beats Electronics? Today, a new book of that story unfolds as the audio equipment manufacturer will reportedly be acquired by none other than Apple.

According to the report of The Financial Times, the Cupertino company is currently in talks to purchase Beats Electronics for $3.2 billion. The deal, which is Apple’s most expensive acquisition to date, is expected to be finalized as early as next week.


In theory, the acquisition should be beneficial to both parties. On one hand, Beats Electronics’ expertise in making audio hardware should help improve Apple’s existing line of Mac and iOS devices. Moreover, Beats’ acquisition will signify the end of the competition between Beats Music and iTunes Radio.

On the other hand, the deal would allow Beats to deliver its products and technology to a broader and at times very loyal fan base. Currently, Apple is already selling Beats products in some of its retail stores.

Naturally, Apple declined to comment on the report, but it might not be that long for an official statement to be given if the deal can be sealed next week. What do you think?

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