Apple on Wednesday confirmed its long-awaited deal to buy headphone-maker Beats Electronics for $3bn. With the purchase, the largest acquisition in its history, Apple is also bringing on a hip-hop artist and entrepreneur who recently bragged about the riches he hoped to score in the deal.
The $3billion purchase price includes Beats Music, the sister company that runs a subscription streaming music service. As part of the deal, Beats co-founders Dr. Dre and Jimmy Iovine will join Apple in undisclosed roles.
The $3billion purchase price includes Beats Music, the sister company that runs a subscription streaming music service. As part of the deal, Beats co-founders Dr. Dre and Jimmy Iovine will join Apple in undisclosed roles.







