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Apple moving to buy Beats

May 10, 2014

Apple is making a blockbuster move to acquire
headphone giants Beats for $3.2million.
Though not confirmed yet, the acquisition would be
Apple’s biggest if it goes through.
Beats was founded by music producers Dr. Dre &
Jimmy Lovine, and has grown to arguably the most
popular headphone brand in the world.
It also recently developed its own music streaming
which Apple is more interested in than the headphones itself. If this happens, it will be Apple’s biggest acquisition till date. ($3.2billion)
Apple wants a music-on-demand service to rival Spotify, whichis a digital music service that gives people access to millions of songs.
It was announced today that the acquisition could be announced as early as next week.
Last night, singer Tyrese posted a video where Dr Dre proclaimed himself the first billionaire in Hip Hop. Dr Dre is currently worth $550million. See the video after the cut…
In the video, Tyrese said:
“Billionaire boys club for real, homie. The Forbes list just changed.… Sht just changed!” Dr Dre added:
“The first billionaire in hip hop, right here from the motherf
cking West Coast!”

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