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Apple’s massive Beats deal reportedly delayed

Published May 15th, 2014 8:45AM EDT
Apple Beats Acquisition Delayed

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Apple is poised to buy Beats for a massive $3.2 billion in its biggest acquisition ever, but the two companies are yet to finalize the deal, Re/code reports. In fact, Re/code’s sources say that the deal may not be finalized until next week.

Late last week, surprising news broke that Apple is considering purchasing Beats, a hardware and music streaming company, for reasons yet to be disclosed. Many people expected the two companies to soon announce the purchase, particularly considering that Dr. Dre basically confirmed the whole thing in a video published, then pulled, on Facebook.

Dr. Dre and Jimmy Iovine will reportedly join Apple once the purchase is complete, and may make an appearance at the company’s WWDC 2014 event that kicks of in early June.

Meanwhile, Apple has not commented on the purchase, with various pundits speculating on why Apple is interested in paying that much for a company that makes high-end headphones, and whose music-streaming business is far from being a success.

Chris Smith Senior Writer

Chris Smith has been covering consumer electronics ever since the iPhone revolutionized the industry in 2008. When he’s not writing about the most recent tech news for BGR, he brings his entertainment expertise to Marvel’s Cinematic Universe and other blockbuster franchises.

Outside of work, you’ll catch him streaming almost every new movie and TV show release as soon as it's available.