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Apple reportedly considering buying Beats for $3.2 billion

09
May
2014

Apple is reportedly negotiating the purchase of Beats for $3.2 billion, according to a new report from The Financial Times. The move, which would be Apples largest acquisition ever, could be announced as soon as next week, the paper says. Citing sources, Bloomberg, The Wall Street Journal, and Recode also confirmed that the deal was nearing completion. Apple declined to comment, and Beats did not respond to a request for comment. Apple already sells Beats products in its retail stores, and just last month Beats began offering a way to subscribe to its streaming music service using Apples in-app purchase, something that gives Apple a cut of its subscription revenue.

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