Andre Yoskowitz
29 Jul 2014 0:02
Apple has received European clearance for its $3 billion acquisition of premium headphone maker Beats Electronics.
The European Commission says the merger "did not raise concerns because the combined (headphone) market share of Apple and Beats Electronics is low."
There have not been any real concerns about the acquisition, given that Beats has plenty of competition in the industry including Bose, Sony, Sennheiser, and many more.
Apple has no dedicated headphone presence, and the deal is expected to pass in the U.S. in the very near future.
Source:
EU