It's Official: Apple Acquires Beats for $3 Billion

[ztirffritz]

http://www.cnbc.com/id/101710643?__sourc...%257cstory&par=yahoo&doc=101710643%257cApple+to+acquire+Beats+El

The deal is expected to close in the fiscal fourth quarter. Apple will pay $2.6 billion in cash and another $400 million in equity. It will also continue to use the Beats brand.