News Videos
World
International Edition

Thursday

June 29, 2017

Breaking News, World News and Taiwan News.
About Us
E-Newsletter
Advertise
Contact Us

EU clears US$3 bil. deal between Apple and Beats

BRUSSELS--The European Commission said Monday it has cleared Apple's US$3 billion (2.2 billion euros) acquisition of U.S. headphone maker and music streaming business Beats.

Brussels had been concerned the takeover of Beats Electronics, founded by rapper Dr. Dre and music industry giant Jimmy Iovine, by the technology giant could hurt competition as both make headphones.

But on Monday the European Union's executive arm ruled that even combined they would have only a very modest market share and face stiff competition from the likes of Bose, Sennheiser and Sony.

MOST POPULAR OF THIS SECTION
Advertise  |   RSS Feed  |   About Us  |   Contact Us
Home  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |  
Arts & Leisure  |   Health  |   Editorial  |   Commentary Travel  |   Movies  |   Guide Post  |   Terms of Use  |  
  chinapost search