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Apple's $3 billion Beats acquisition gets cleared in Europe

Written by Andre Yoskowitz (Google+) @ 29 Jul 2014 0:02 User comments (1)

Apple's $3 billion Beats acquisition gets cleared in Europe Apple has received European clearance for its $3 billion acquisition of premium headphone maker Beats Electronics.
The European Commission says the merger "did not raise concerns because the combined (headphone) market share of Apple and Beats Electronics is low."

There have not been any real concerns about the acquisition, given that Beats has plenty of competition in the industry including Bose, Sony, Sennheiser, and many more.

Apple has no dedicated headphone presence, and the deal is expected to pass in the U.S. in the very near future.

Source:
EU

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1 user comment

11.8.2014 17:46

No legit headphone manufacturer cares about "competition" from Beats. The only way they "compete" is in how to offer the lowest-quality dreck for the highest prices. Not one of their offerings is worth even a third the asking price.

This message has been edited since its posting. Latest edit was made on 01 Aug 2014 @ 17:46

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