Friday, 9 May 2014

Beats acquired by Apple for $3.2 Billion

Today, the founders of Beats - actor Tyrese Gibson and Dr. Dre officially announced on the Instagram account that Apple has acquired Beats and it's services for $3.2 Billion.

(Image Credit :

Till now, these companies used to be rivalries but now there's a chance that we may see a product from Apple in coming months with Beats Audio enhancements. Apple acquired Beats in order to improve it's sales of iTunes and merge them both for better future.

So far, this is the first acquisition done by Apple. This acquisition came to light when there was an initial report of the deal on the internet and later confirmed by the founders of Beats on Instagram.


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