Apple is reportedly finalizing a deal to acquire Beats Electronics for a whopping $3.2 billion.

The deal will supposedly be announced next week, according to the Financial Times, who first reported news of the rumored acquisition. If true, the deal would be the largest acquisition in Apple’s history. It would also mark a huge change in strategy for Apple, which has traditionally stayed away from high-dollar acquisitions.

Some details of the deal are still in the works, according to FT’s sources, which means the talks could still fall apart. What we do know is that Apple would take control of Beats’ hardware business (including its signature headphones) and its relatively new streaming-music service, Beats Music.

Published in Deals & Funding
Thursday, 10 April 2014 00:00

Zopim To Be Acquired by Zendesk

Zendesk, the cloud-based helpdesk startup, has made what looks like its first acquisition: it has announced that it is buying Zopim, whose flagship product is piece of live chat software that is used by some 120,000 websites. Terms of the deal were not disclosed, but we are trying to find out.

As a result of the acquisition, Zendesk will be phasing out its own chat software and integrating Zopim’s “superior” one into its platform, writes Adrian McDermott, SVP of product development, in a blog post announcing the news.

Published in Deals & Funding