EU regulators to decide on Apple’s Beats deal by next week

EU regulators to decide on Apple’s Beats deal by next week

PanARMENIAN.Net - 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, June 25, according to Reuters.

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.

 Top stories
They will address how to be profit-driven, establish and maintain high standards, how to compete and operate in Armenia.
“Companies of our size unfortunately experience cyberattacks nearly every day,” said Patricia Wexler, a JPMorgan spokeswoman.
Apple looks set to launch its first official retail presence in the Middle East with a new store in Dubai's Mall of the Emirates.
Samsung Electronics saw a 20% year-on-year drop in its last quarter's profit. It blamed "slow global sales of smartphones".
Partner news