Thursday, 29 May 2014

Apple agrees to buy Beats headphone maker for $3bn

Apple has confirmed it will buy headphone maker and music-streaming service provider Beats Electronics.
The deal is worth a total of $3bn (£1.8bn), and is thought to be Apple's largest acquisition to date.
As part of the acquisition, Beats co-founders Jimmy Iovine and Dr Dre will join the technology firm.
They posted a video online celebrating the deal before it was even done, as Michelle Fleury reports.
Ref: http://www.bbc.com/news/business-27616344
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