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Apple+agrees+to+buy+headphone+maker+Beats+for+%243bn
Thursday, 29 May 2014 - 13:15
Apple agrees to buy headphone maker Beats for $3bn
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Apple has confirmed it will buy headphone maker and music-streaming service provider Beats Electronics.

The deal is worth a total of 3 billion dollars, 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.

Apple boss Tim Cook said the deal would allow the firm to "continue to create the most innovative music products and services in the world".
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