Mergers and Acquisitions

Hear That? Apple May Buy Beats Electronics in $3.2 Billion Mega Deal.

Former Managing Editor
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Looking to turn up the volume on its “cool” factor, Apple is reportedly cooking up a plan to buy Beats Electronics.

The consumer tech giant is reportedly in talks to buy the premium headphone maker for $3.2 billion in a deal that could be announced as soon as this week, sources told the Financial Times.

The move would mark Apple’s largest acquisition ever.

Related: Should You Buy an iPhone 5S Now or Wait For the iPhone 6?

Beats, which was founded in 2008 by hip-hop mogul Dr. Dre and record producer Jimmy Iovine, was once majority owned by phone maker HTC. HTC sold nearly half of its stake in July 2012 for about $150 million, and the remainder for $265 million last fall.

Beats also received a $500 million investment from private-equity firm Carlyle Group in September.

If a deal is inked, Apple would acquire Beats’ streaming service, which launched in January, and its headphone and audio equipment unit, the Financial Times reports.

Related: Steve Jobs' 13 Most Inspiring Quotes

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

How the Ruling Allowing AT&T's $85 Billion Acquisition of Time Warner Could Affect Entrepreneurs