Apple made a big leap forward in its planned US$3 billion purchase of Beats Electronics and Beats Music when the European Commission announced on Monday that is has approved the deal. The Commission doesn't see a combined Apple and Beats as a serious threat to the headphone market, and said there are plenty of competitors who make substantially different products.
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With the EC's approval out of the way Apple is a step closer to closing its Beats purchase. Next stop: U.S. approval.