When Apple boss Tim Cook said recently that the company “was on the prowl” for acquisitions, few expected he was readying a $3.2bn bid for Beats Electronics – the headphones and music-streaming service started by industry impresario Jimmy Iovine and the hip-hop superstar Dr Dre, says the FT.
There’s much speculation about whether this is a wise move on Apple’s part (see below), and neither company has yet confirmed the deal. But [...]
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