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Apple confirms its $3 billion deal for Beats Electronics

Apple, the company that turned digital music into a mainstream phenomenon, said on Wednesday that it was buying Beats Electronics, the rising music brand, for $3 billion, in a move that will help it play catch-up with rivals that offer subscription-based music services.

I still have no idea why Apple is buying these guys. Then again, that’s probably why I’m not a billionaire.

Coincidentally, I find it highly entertaining that technically, this is now an Apple product.

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