Three weeks after rumors broke of Apple's purchase of Beats Electronics, the company has confirmed that it is buying the headphone and streaming music service for $3 billion, $200 million less than the originally reported amount. Jimmy Iovine and Dr. Dre, the company's co-founders, will join Apple in unspecified roles as part of the deal.
Read more: http://www.rollingstone.com/music/news/apple-confirms-beats-purchase-for-3-billion-20140528#ixzz3337e1e3v
Image credit: Isaac Brekken/Getty Images Entertainment
-
81 results for
Trending Pop Music News
Loading...