Beats Audio, which is known for its headphones, could soon be acquired by Apple, the Financial Times reports. The Cupertino-based company is said to be ready to pay $3.2 billion for acquiring the audio company once owned by HTC, making it its largest acquisition till date. Also Read - Meet Indian developer who wins Apple Design award for his music app NaadSadhanaAlso Read - iPad Mini for 2021 to ditch fat bezels, could bring along new Apple Pencil Mini
FT further adds that the deal could close as early as next week and Beats senior management will be retained, who will report directly to Apple CEO Tim Cook. With the acquisition, Apple will take control of Beats hardware business that includes its signature headphones, as well as its streaming-music service, Beats Music. Also Read - iOS 4 is now available again on modern iPhones, complete with Home button: How to get it
Considering Apple already makes quality audio hardware, this deal is more likely for the Beats Music service. Apple has seen a decline in digital music sales, and has had to focus in a new direction. Recent reports have claimed that Apple has been looking at releasing an iTunes app for Android, as well as take on the likes of Pandora and Spotify by making iTunes Radio a standalone app on iOS 8.