Which company bought Beats Electronics in 2014?

Apple bought Beats Electronics in 2014.

Beats was founded in 2006 by music producer Dr. Dre and record executive Jimmy Iovine. The company became known for its Beats by Dr. Dre headphones and speakers, then expanded into subscription music streaming with Beats Music.

Apple announced the acquisition in May 2014 for a deal valued at $3 billion, comprising an initial cash payment and additional consideration that would vest over time. The transaction closed in August 2014 and was Apple’s largest acquisition at that point.

The deal was more than a headphone purchase: Iovine brought music-industry relationships and streaming expertise, while Apple incorporated Beats technology and personnel into its broader music strategy. Beats Music users were later directed toward Apple Music after that service launched in 2015.