Apple to reportedly announce Beats deal this week at lower $3 billion price

By Mikey Campbell

Adding to the never-ending stream of scuttlebutt surrounding Apple's hyped buyout of Beats Electronics, a report on Tuesday claims the terms of the supposed acquisition have dropped to $3 billion and will be announced this week.

Citing unnamed sources close to the ongoing discussions, The New York Post reports the initial $3.2 billion number leaked when Apple was still in the process of quantifying Beats' worth as a company. In the intervening period, the Cupertino, Calif. company has lowered the price to a current $3 billion and will reportedly announce the purchase by the end of this week.