Before the Apple and Beats marriage can really be official, the two companies must first gain regulatory approval from various governing bodies where the companies conduct business. Apple included the following expectation in its official press release announcing the deal: Subject to regulatory approvals, Apple expects the transaction to close in fiscal Q4.
For Apple, having regulatory approval and closing the transaction by the end of fiscal Q4 means it expects everything to be in order by the end of September. According to a Reuters report, regulators in the European Union will announce their decision on the deal by July 30th next month.
As the report notes, regulators could either approve the deal as is or ask for certain conditions to be met before its granted approval. If the body does feel the deal can be approved or granted with concessions, it will begin to closely look at any concerns it has.
Apple, of course, announced the $3 billion deal to purchase Beats Electronics and Beats Music last month.
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