Report: Apple Buying Beats Electronics for $3.2 Billion

If the Silicon Valley giant does end up buying the Jimmy Iovine and Dr. Dre-founded company best known for its stylish headphones and streaming music service, it will be Apple's largest acquisition ever. The purchase could be announced as early as next week, sources told FT.

In late April, CEO Tim Cook noted during an earnings call that his company bought 24 companies in the last year and a half. Apple Insider added that the technology company hasn't spent more than $1 billion for a single purchase, but Cook said last month that he would be willing to shell out the cash if it made sense.

One of the most expensive recent buys for the company was 3-D sensor company Primesense.