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It’s Official: Apple Buys Beats Electronics For $3 Billion

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AFRICANGLOBE - After weeks of rumor, Apple finally announced it has acquired headphone maker Beats Electronic for $3 billion, including $2.6 billion cash up front and approximately $400 million in stock that will vest over time. As part of the deal, Beats co-founders Dr. Dre and Jimmy Iovine will join Apple in undisclosed roles.

Report: Apple On Verge Of Buying Beats For $3.2B

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AFRICANGLOBE - Apple is in discussions to buy Beats Electronics, the company behind the popular Beats by Dr. Dre headphones, for $3.2 billion, according to people briefed on the talks, in what would be the biggest acquisition in Apple’s history.

Dr. Dre Jimmy Iovin Donate $70 Million To USC For New...

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AFRICANGLOBE - Super-producer Dr. Dre (born Andre Young) and influential music executive Jimmy Iovine are using parts of their substantial fortunes to help cultivate the next generation of music business moguls.
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