EU regulators to make decision on Apple's Beats acquisition by July 30

June 26, 2014

Regulators for the European Union are taking a look at Apple's deal to buy Beats Electronics, and will decide if the deal can go through by the end of July. The European Commission can accept the deal completely, accept it with concessions from Apple, reject it, or open a deeper investigation. If the deal is approved, Apple will acquire Beats for $3 billion.

The deal was announced at the end of last month, with Apple includes the famous headphones, as well as the Beats Music streaming service. The music service is said to be worth around $500 million of the deal, while the headphone business is valued at around $2.5 billion. Beats co-founders Dr. Dre and Jimmy Iovine will join Apple as part of the acquisition.

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Source: Reuters