Apple is all set to buy Beats Electronics,the headphone maker and music streaming operator founded by music producer Jimmy Iovine and the hip-hop star Dr Dre for $3.2 Billion.
As per a Financial Times report the deal could take it pace by the next week, but people cautioned that some details had yet to be agreed and talks could still fall apart. Beats makes a variety of audio products, including a line of pricey headphones. It also recently launched a streaming music service similar to Spotifu. According to FT Apple will acquire Beats’ streaming music service and its audio equipment business, which includes its brand of headphones and audio equipment.
This deal will definitely follows a string of high-priced deals in Silicon Valley, after Google acquired smart home developer Nest Labs for $3.2 billion and Facebook offered an initial $19 billion for WhatsApp Messenger.
This is speculated to be Apple’s largest acquisition till date.
