European Commission Approves Apple's $3 Billion Acquisition of Beats

european commission has approved apple's acquisition of beats electronics , beats music (via engadget). commission concluded merger posed no threat competition "the combined market share of apple , beats electronics low."

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in decision, commission noted apple , beats merger not negatively effect either headphone or streaming music market in european union.

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"the commission concluded combination of 2 businesses did not raise competition concerns because combined market share of apple , beats electronics low. in addition, apple , beats electronics not close competitors because headphones sell differ markedly in functionality , design. moreover, after transaction, large number of global competitors such bose, sennheiser , sony remain. commission examined transaction's effects on distribution of digital music consumers. both apple , beats music active in field. apple offers music downloading service through itunes , beats music offers music streaming service, although not available in eea. commission concluded apple faces several competitors in eea such spotify , deezer, making implausible acquisition of smaller streaming service not active in eea lead anticompetitive effects."

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eu has given approval, next hurdle acquisition united states regulators examining deal , determining whether there anti-competitive concerns. barring unforeseen issues, apple expects $3 billion transaction close quarter (q4 2014).

article link: european commission approves apple's $3 billion acquisition of beats

 

just in time bose try money out of apple .

 

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