Apple to buy Beats for about US$3 bln

0 Comment(s)Print E-mail China Daily via agencies, May 29, 2014
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Apple to buy Beats for about US$3 bln. [File photo] 

Apple Inc said it would buy headphone maker Beats Electronics and streaming music provider Beats Music for about $3 billion.

Beats co-founders Jimmy Iovine and rapper Dr. Dre will join Apple as part of the acquisition.

The transaction is expected to close in the fourth quarter, Apple said on Wednesday.

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