UPDATE 1-Apple to buy Beats for $3 bln, gain music mogul Iovine
May 28, 2014 at 17:19 PM EDT
SAN FRANCISCO, May 28 (Reuters) - Apple Inc will buy Beats for about $3 billion and bring recording mogul Jimmy Iovine into its ranks, in a bid to make headway in the fast-growing music-subscription market.
