EU regulators to make decision on Apple's Beats acquisition by July 30
Regulators for the European Union are taking a look at Apple's deal to buy Beats Electronics, and will decide if the deal can go through by the end of July. The European Commission can accept the deal completely, accept it with concessions from Apple, reject it, or open a deeper investigation. If the deal is approved, Apple will acquire Beats for $3 billion.
The deal was announced at the end of last month, with Apple includes the famous headphones, as well as the Beats Music streaming service. The music service is said to be worth around $500 million of the deal, while the headphone business is valued at around $2.5 billion. Beats co-founders Dr. Dre and Jimmy Iovine will join Apple as part of the acquisition.
How do you think Apple's Beats purchase will fare with the European Commission? Sound off below in the comments.
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Joseph Keller is the former Editor in Chief of iMore. An Apple user for almost 20 years, he spends his time learning the ins and outs of iOS and macOS, always finding ways of getting the most out of his iPhone, iPad, Apple Watch, and Mac.