Apple is Buying Beats For us$3 Billion

Apple is officially buying Beats for $3 billion, just shy of the rumored price leaked a few weeks ago, the companies announced today.

Apple will pay us$2.6 billion up front, plus another us$400 million over time. Apple’s getting stylish hardware from Beats Electronics and a streaming service with Beats Music.

Apple expects the deal to close in late summer or early fall.


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