Apple recently announced that they were purchasing Beats Audio in a deal which is worth $3 billion to the founders of beats, this is of course subject to the Apple Beats deal being approved by the various regulators.
According to a recent report, the European Regulators will announce their ruling on the Apple Beats deal by next Monday the 30th of June.
The Apple Beats Audio deal has yet to be officially confirmed by Apple, although it was confirmed last week by Beats Audio co-founder Dr Dre, who was featured on a video confirming he was the first hip hop billionaire.
The purchase of Beats Audio by Apple has left many people puzzled about why Apple would buy the company for $3.2 billion, although according to a recent report, the deal is about music streaming, and not hardware.
Last week we heard that Apple had purchased Beats Audio in a deal which was worth $3.2 billion, and whilst Apple has yet to confirm the deal, Dr Dre, one of the two co-founders of Beat Audio all but confirmed the purchase in an online video.
This lead many people to believe that the deal between the two companies had been completed, although according to a recent report by re/code, the deal isn’t finalized and wont be completed until next week.