Apple close to buying Beats for $3.2 billion

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Friday, May 09, 2014

Reuters: Both companies are hashing out details and the envisioned deal could still fall through,

A second source familiar with the matter told Reuters that Apple was in the market for a subscription-based music service to complement its "iRadio" ad-based offering, launched in 2013 as part of an attempt to jump into a music-streaming arena then split between a handful of startups such as Pandora Inc.

 

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