What do you think of the news that Apple has just bought Beats Electronics?
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Read moreTech titans Apple and Microsoft have agreed to a $3 billion acquisition to merge their business into a new company called Microsoft.
The deal is expected to close in 2018.
Apple has been expanding its presence in the audio market with a slew of audio products, including the Apple EarPods, which are wireless earbuds.
In addition, Apple has also been looking to expand its audio offerings beyond music streaming and audio devices to a variety of devices.
The deal is worth about $1.8 billion, according to Bloomberg.
Microsoft is already known for its audio products including the Surface Studio, which was launched in 2014.
Microsoft has recently made big investments in its Xbox Music service, which is now a subscription-based service.
Microsoft’s Surface Studio has also made waves with its Surface Pro 4 tablet.
Microsoft’s Xbox Music streaming service has also gained traction as well, with more than 300 million subscribers signed up for the service.
Apple will continue to offer a variety, including its iMac line of computers, Apple TV devices, and Macbook PCs.
Microsoft owns Windows Phone, and has also built up its Surface Studio software development kit.
Apple’s Beats Electronics will be part of Microsoft’s Music business.
The company recently announced that Beats Electronics, which has sold millions of Beats headphones, will continue its expansion into audio products.
Beats Electronics already sells headphones and earbud accessories.
Apple is also set to expand into other markets including television, film, and entertainment.
It has recently started selling Beats headphones and other audio products through Beats.com.