EU clears Apple’s $3bn Beats deal

July 31, 2014 9:18 am

The European Commission has said it has cleared Apple’s $3bn acquisition of US headphone maker and music streaming business Beats, AFP has reported. Brussels, which had been concerned the takeover of Beats Electronics by the technology giant could hurt competition as both make headphones, ruled that even combined they would face stiff competition from the likes of Bose, Sennheiser and Sony.