According to a report out of Financial Times, Apple is currently negotiating a purchase of Beats Electronics to the tune of $3.2 billion. The deal could be made official as soon as next week, but from what sources state, a few terms have yet to be ironed out. If the deal does go through, for the $3.2 billion, it would be Apple’s largest acquisition to date.
The deal would be unlike HTC’s 2011 51% $500 million acquisition of Beats, as Apple’s deal would be for all aspects of the company; not just a majority share. It would include all of the hardware, the streaming music service, and anything else that falls under the Beats name.
The news has already blown up Twitter, with everyone chiming in with their opinions – mostly negative.
What do you think? Good move for Apple?
Via: Financial Times
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