Wednesday, May 28, 2014

Apple acquires Beats Electronics for $3 billion


The Financial Times had already let the cat out of the bag, but now Apple is making things official: Dr. Dre's Beats Electronics belongs to Cupertino, and it cost them $3 billion. Rumors had circulated that Tim Cook was interested in nabbing up the audio accessory and music streaming outfit, corroborated by a beer-drenched video in which Dre himself declared that he had become "the first billionaire in hip-hop," and now we have Apple's side of the story.


Developing...


[Photo credit: Andrew Burton/Getty Images]


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Source: Apple


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