Report: Apple Cuts Beats Acquisition Price by $200 Million

Apple still has its eye on buying Beats, but the price tag for the deal appears to be coming down

The New York Post reports hearing that Apple has cut its proposed acquisition price for Beats from $3.2 billion to about $3 billion. Even at the lower price tag, however, the Beats deal would still represent Apple's largest acquisition to date by far.

See also: Dear Apple: Drop Beats, Buy Spotify Instead

Reps for Apple and Beats did not immediately respond to our request for comment

According to The Post, Apple had not begun the due diligence process looking into Beats' business at the time the deal first leaked earlier this month. Since then, The Post notes the deal may have been hurt by a report that Beats' streaming music service has just 110,000 subscribers Read more...

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