Credit: Reuters/Robert Galbraith
The Apple logo is pictured at its flagship retail store in San Francisco, California January 27, 2014.
Beats co-founders Jimmy Iovine and rapper Dr. Dre will join Apple as part of the acquisition.
The transaction is expected to close in the fourth quarter, Apple said on Wednesday.
(Reporting by Avik Das in Bangalore; Editing by Sriraj Kalluvila)
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