Beats by APPLE? iPhone Makers to buy Dr Dre's headphone firm for $3.2bn

Apple is believed to be finalising a deal to by headphone maker Beats Electronics for $3.2bn.
The firm, founded by music producer Jimmy Iovine and the hip-hop star Dr Dre, is best known for its distinctive headphones.
It is claimed a deal could be announced within days - and mark Apple boss Tim Cook's biggest ever acquisition.

Apple will acquire Beats’ streaming music service, which launched this year, and its audio equipment business, which includes its brand of headphones and audio equipment, according to a report in the Financial Times.

However, Apple boss Tim Cook said last month Apple was 'on the prowl' for more acquisitions, after buying 24 companies in the past 18 months and he was not averse to large acquisitions.

The potential $3.2 billion deal would mark Apple’s largest acquisition of another company ever.

It is believed Apple is also interested in Beats expertise in developing wearable products and it edges closer to a much anticipated iWatch launch,