The European Commission (EC) has cleared Apple's acquisition of Beats Electronics and Beats Music.
The purchase plans were announced earlier this year and saw Apple lay down $3bn for the firm, which is famous for its headphones.
The EC announced its approval in a statement. It said that since Apple and Beats already both sell headphones, and have a combined ‘low' market share, it could not object on those grounds.
"The Commission concluded that the combination of the two businesses did not raise competition concerns because the combined market share of Apple and Beats Electronics is low," it said.
"In addition, Apple and Beats Electronics are not close competitors because the headphones they sell differ markedly in functionality and design. Moreover, even after the transaction, a large number of global competitors such as Bose, Sennheiser and Sony would remain."
Both offer music services too, and again the EC could find no issues. It said that while Apple has competition in Europe in this area already, Beats, a relatively small provider, is not currently active locally.
"The Commission concluded that Apple faces several competitors [such as] Spotify and Deezer, making it implausible that the acquisition of a smaller streaming service that is not active in the EEA [European Economic Area] would lead to anti-competitive effects," it added.
"The Commission also concluded that the transaction would not give Apple the ability and incentive to shut out competing streaming services from access to iOS, Apple's operating system for mobile devices."
Apple has not yet replied to V3's request for comment, but when it announced its plans for the acquisition it said that it and Beats make a good fit.
"Music is such an important part of all of our lives and holds a special place within our hearts at Apple," said CEO Tim Cook. "That's why we have kept investing in music and are bringing together these extraordinary teams so we can continue to create the most innovative music products and services in the world."
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