Apple is currently holding talks with Dr Dre on acquiring the beat electronics headphones. Apple is set to buy Dr Dre’s beats headphones for $ 3.2 billion (Ksh 255billion).
According to Financial Times report, Apple will make an official announcement on the sealed deal early this week. Though the report stated that deal could collapse if the two parties don’t reach an agreement.
Apple will get the opportunity to stock more Beats Electronics and music streaming services to add up to its list of music retailing services such as digital music players and iTunes.
Apple has been recognized widely for its innovative products like Mac Computer, iPod, iPhone and iPad and the acquisition will possibly make Apple Inc the largest purchase store.
The headphones are made and founded by the hip hop star Dr. Dre and record producer Jimmy Jovine.
Extract: CBC news