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Billionaire: Dr. Dre sold Beats by Dre for $3.2B to Apple

By May 9, 2014Fashion News

Looks like Dr. Dre is joining the billionaires club!

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Today via social media and through constant reports, announced the huge billionaire deal with Dr. Dre and Apple – making the mega music producer Dr. Dre the first billionaire in Hip Hop.

Apple are closing a deal with the headphone maker Beats by Dre for a $3.2bn (£1.9bn) takeover, which will make this California company’s largest ever acquisition.

“Since Dre and Interscope honcho Jimmy Iovine created the brand … it’s a safe bet they will walk away with a huge chunk of that cash,” TMZ reports. “Dre and Jimmy created the brand back in 2008 with headphones — but now they’re also making bank off speakers, car audio systems, and a streaming service.”

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The deal is expected to be announced as early as next week and would include Beats’ streaming music service and its audio equipment business.

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Watch the video below: “The Forbes list just changed.” – Tyrese Gibson

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