Apple set to acquire Beats for £1.9bn

Posted on 9 May 2014 by The Manufacturer

Computer giant Apple is reportedly in talks to buy headphone manufacturer Beats Electronic for a reported figure of $3.2bn (£1.9bn).

The Financial Times, who reported the news late Thursday evening, said negotiations are still ongoing for the Beats, which was founded by music producer Jimmy Iovine and hip-hop star Dr Dre in 2008. It is believed an announcement for what would be Apple’s biggest ever acquisition could be made next week, as it looks to…

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