Apple to acquire Beats Electronics for $3.2B


Apple is looking like a potential buyer for the Beats Electronics company, the maker of the popular headphones and now the old MOG service turned streaming service Beats Music. The deal could close for as much as $3.2 billion.

Apple is reportedly closing in on a deal to acquire Beats Electronics for $3.2 billion, according to a Financial Times report. If completed at that price, the deal would be the largest ever for Apple. The deal is said to include both Beats’ music subscription service and its hardware business, which sells Beats by Dr. Dre headphones and portable speakers. The deal hasn’t been finalized, but could be announced as soon as next week — or fall apart completely, according to the report.

We’ll have more on this if it actually happens.