Dr. Dre, Jimmy Iovine And Luke Wood Launch The Beats By Dr. Dre Pill At The Beats Store In Soho, NY

Small but notable update in the reported acquisition talks over Beats Electronics by Apple, this time courtesy of sources of TechCrunch:

A well-placed source has confirmed rumors that Apple’s acquisition of Beats “is happening” but was close to falling apart multiple times. The source said with “70% certainty” that Apple’s planned multi-billion acquisition of headphone maker Beats will go through.

This of course comes after a report broke from the Financial Times two weeks ago from today with information that Apple was in final talks to acquire the headphone and music service company.

The report shared that the acquisition was valued at $3.2 billion and could be announced as soon as the following week, but that the final terms had yet to be agreed upon and the deal could fall through. A number of other media outlets corroborated the Financial Times report in the period after it was released.

Fast-forward to last Wednesday, one day shy of a week from the original report, and Re/code shared a brief update on the Apple-Beats acquisition discussion stating that the deal may not be finalized until the following week.

Niether Beats nor Apple has offered comment on the reports in any form.

Probably more interesting than the report that the deal is still ongoing and has not fallen through is the 30% certainty that the deal will not go through.


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About the Author

Zac Hall

Zac covers Apple news, hosts the 9to5Mac Happy Hour podcast, and created SpaceExplored.com.