EU regulators to decide on Apple, Beats deal by July 30
BRUSSELS (Reuters) - European Union antitrust regulators will decide by July 30 whether to clear Apple Inc's $3 billion bid for music streaming and audio equipment company Beats, the European Commission said on Wednesday.
IPhone maker Apple unveiled the deal last month, which will help it catch up in the fast-growing and lucrative music streaming business.
The Commission can either clear the deal unconditionally or demand concessions if it sees competition issues. It can also open an extensive investigation if it has deeper concerns.
(Reporting by Foo Yun Chee; editing by Robin Emmott)
- Tweet this
- Share this
- Digg this
- Sweden gets two new sightings, as hunt for undersea intruder goes on
- U.S. to funnel travelers from Ebola-hit region through 5 airports
- Coca-Cola announces growth plan as profit falls 14 pct
- Indiana police charge suspect who may have killed for decades
- 'Fraggle Rock' actor Gerard Parkes dies at age 90
Smartphone users won't recognise the name B2X, but if your battery dies or your screen breaks, the odds are that the company will be working behind the scenes when you seek a repair. Full Article