Apple/Beats Deal Nears Completion- For “Just” $3 Billion

Weeks after the initial reports that Apple was buying Beats Electronics for $3.2 billion, the deal is about to be officially announced- although the price has come down to “only” $3 billion.

The New York Post reported late Tuesday that the deal will be announced this week, although the price has been reduced since the initial reports.

Should the deal be completed this week, Beats’ Dr. Dre and Jimmy Iovine may appear at next week’s World Wide Developers Conference.

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