Apple confirms $3 billion Beats acquisition

%name Apple confirms $3 billion Beats acquisition by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley

Apple on Wednesday confirmed the deal that has puzzled every industry analyst on the planet for the past two weeks: Apple is buying Beats Electronics. News of the imminent acquisition broke earlier this month and was then independently confirmed by several large papers. What was never confirmed — or even really understood by anyone, it seemed — was exactly why Apple was buying Beats in what is reported to be the company’s largest-ever acquisition at $3 billion.

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