EU Regulators Expected to Decide on Apple's Acquisition of Beats By July 30

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Jun 25, 2014.

  1. MacRumors macrumors bot

    MacRumors

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    Apple's proposed acquisition of Beats Electronics is facing its first regulatory hurdle after the Cupertino company announced the deal last month. As reported by Reuters, European Union's Antitrust Commission is expected to make a decision on the purchase by July 30.

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    The EU regulators can approve the deal unconditionally, demand concessions if they have anti-competitive concerns or order a full investigation if they need more convincing that the acquisition will be a benefit and not a detriment to competition.

    The pending $3 billion deal includes both Beats Electronics, which offers headphones and speakers, and Beats Music, a streaming music subscription service. Under the deal, Beats executives Jimmy Iovine and Dr. Dre will join Apple, giving the company a significant boost to its music industry connections.

    Besides the EU, regulators in the United States also must examine the deal and determine whether there are any concerns with competition. Barring any unforeseen regulatory issues, Apple expects the transaction to close sometime next quarter.

    Article Link: EU Regulators Expected to Decide on Apple's Acquisition of Beats By July 30
     
  2. Reason077 macrumors 68000

    Reason077

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    Why are the Europeans sticking their big noses into an American merger? This is bureaucracy gone far too far!
     
  3. inplainview macrumors member

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    Just acquired the name if nothing else, if possible. The headphones are utter crap.
     
  4. Quu macrumors 68020

    Quu

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    I think the only part they may have concerns about is the subscription music service. iTunes is the leader in online music sales and they may feel this purchase is a way to leverage that monopoly to take over the streaming market unfairly.

    We'll see I guess :p
     
  5. subsonix macrumors 68040

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    Because it's a global company that also operates in the EU? My guess though is that nothing will come of this because there are several other digital music providers.
     
  6. FelixDerKater macrumors 68000

    FelixDerKater

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    They will want to protect Spotify's tax revenue.
     
  7. zipa macrumors 65816

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    Because one or both companies have operations within the EU and offer their services here as well. This is pretty much given with every major business merger/acquisition.
     
  8. Z400Racer37 macrumors 6502a

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    Because god forbid that a private company allocate their capital in the way that they think would best benefit them and therefore their customers. At least I'm not paying for that mess too... :rolleyes:
     
  9. rossome macrumors newbie

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    Steve's Apple is officially no more, looking at this picture with Tim next to Apple’s newest executive, who's been recorded multiple times advocating the murder of white people, domestic abuse, rape and objectification of women, illegal drug use, violence towards the gay community, and unwarranted, illegal gun violence.

    We do miss you, Steve, badly.
     
  10. theluggage macrumors 68000

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    Maybe because Apple and Beats both sell products and services, and operate commercial divisions (at least Apple does, probably Beats too), in Europe?
     
  11. OldSchoolMacGuy macrumors 68000

    OldSchoolMacGuy

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    The name alone isn't worth $3 billion. You might not like the headphones but they sell like crazy.
     
  12. sstevens macrumors member

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    Why are all of their wrists covered? Someone made a comment about this awhile back and I never saw a valid response
     
  13. AngerDanger, Jun 25, 2014
    Last edited: Jun 25, 2014

    AngerDanger macrumors 68020

    AngerDanger

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    #13
    As others have pointed out, you misread that, me.
     
  14. zipa macrumors 65816

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    If a private company could somehow force every single human being on this planet to use their product, do you for one second think that they wouldn't?

    While a company's best interest might not be the polar opposite of a consumer's best interest, the two can never be aligned. Hence we have governments and trade organizations limiting what corporations can and can not do.
     
  15. Mattsasa macrumors 68020

    Mattsasa

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  16. zipa macrumors 65816

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    It won't. And it doesn't have to. It has to benefit *competition*. And actually it doesn't even need to do that. It just cannot hinder it.
     
  17. wovel macrumors 68000

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    They're all wearing shirts! With sleeves!
     
  18. KALLT macrumors 68040

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    It states benefit to competition, not competitors.
     
  19. JAT macrumors 603

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    #19
    Neither of these are private companies.
     
  20. macduke macrumors 603

    macduke

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    With any luck the merger will be denied in all countries. Hah. :D
     
  21. inplainview macrumors member

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    #21
    Yes, yes. The world only exists from NY to California...

    ----------

    I agree. I was just making a comment about the sound quality of the phones. Yes they sell. Does this mean that people are stupid or have no clue about sound quality? But then again sound is subjective so whatever.
     
  22. 1080p macrumors 68020

    1080p

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  23. Jonny1989 macrumors member

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    NUMBER ONE!!! WOOOOH GO EU!!

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  24. wrrzzelbbrrmmff macrumors newbie

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    Why is the NSA sticking its big nose into European email, cloud data, etc.?
     
  25. filmantopia macrumors 6502

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    #25
    Are you kidding? They're obviously all wearing the iWatch. Not joking.
     

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