In late May, the American corporation Apple has officially announced to buys company Beats Electronics, which specializes in manufacturing audio equipment and audio products. And now the deal approved by European regulators.
According to an official press release from the European Commission approved the purchase of U.S. company Beats Electronics by Apple. This transaction is safe and does not carry the potential threat due to the fact that the combined share of these companies in the market of headphones and audio equipment will be small and the conclusion of this transaction will not affect their main competitors in this segment : Bose , Sennheiser and Sony. In addition, the headphones from Beats by Apple and are markedly different from each other in terms of functionality and design.
It should be noted that the value of the deal between Apple and Beats is $ 4 billion, of which $ 400 million will be paid in securities. It is assumed that the deal is officially completed in the fourth fiscal quarter, which ends in the U.S. in September.
Apple has decided to withdraw the cross-appeal against Samsung, which was filed in a California district court in March this year.