Beats Electronics and Beats Music to be Acquired by Apple

Munger, Tolles & Olson is representing Beats Electronics, maker of the popular Beats headphones, speakers and audio software, and Beats Music, the subscription streaming music service, in the companies’ $3 billion acquisition by Apple. The transaction was announced May 28 and is expected to close in fiscal Q4, subject to regulatory approvals.

The Munger Tolles team involved in the transactions includes Kevin S. Masuda, Brett J. Rodda, Andrew Z. Wolstan, Mark R. Sayson, Jasmine M. Roberts, Sarah L. Graham and Jesse Max Creed. David B. Goldman and Samuel T. Greenberg advised on the tax aspects of the transactions, and Williana H. Chang advised on matters related to employee benefits.