Apple Will Buy Popular Headphones Company Beats For $3 Billion

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Photo courtesy of CNET.

The maker of iPhones, Apple, is going to buy popular headphones company Beats, according to CNET.

Apple confirmed the news on Wednesday (May 28). They will purchase Beats for $3 billion, CNET reported.

“Music is such an important part of all of our lives and holds a special place within our hearts at Apple,” Apple CEO Tim Cook said in a statement.

He continued, “That’s why we have kept investing in music and are bringing together these extraordinary teams so we can continue to create the most innovative music products and services in the world.”

To read the rest of this article on CNET’s website, click here.