Printed from http://www.electronista.com

EU to rule on antitrust compliance of Apple-Beats deal by July 30

updated 11:00 am EDT, Wed June 25, 2014

Could ask for concessions if deal thought to be too anti-competitive

Antitrust regulators with the European Commission will rule by July 30 whether or not Apple's $3 billion takeover of Beats can go ahead as planned, according to Reuters. The Commission has several options available: it can authorize the deal as signed, or ask for concessions -- such as divestiture -- if it's determined that the buyout would give Apple too much industry control. In a worst-case scenario, the Commission could launch an investigation that might even scuttle the acquisition.

It's uncertain which way European regulators are leaning on the deal. In any case Apple must still pass the scrutiny of two US agencies, the Federal Trade Commission and the Department of Justice.

The reason behind the Beats purchase is likewise unknown. Apple is believed to be interested in headphone and speaker technology above all, but may also want to leverage Beats Music to help turn iTunes Radio into an on-demand streaming service closer to Spotify than Pandora. Beats' Jimmy Iovine and Dr. Dre (Andre Young) may also give Apple more cultural cachet, and expertise in negotiating music deals.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Apple 13-inch MacBook Pro (Early 2015)

Although the new darling of the Apple MacBook line up is the all-new MacBook, Apple has given its popular 13-inch MacBook Pro with Ret ...

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Lenovo Yoga Tablet 2 (Android, 10.1-inch)

Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...

Advertisement

toggle

Most Commented

 
toggle

Popular News