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!



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.”

Beats by Dr Dre Mixr Headphone in Black OMG Headphone  (1) Beats-By-Dr-Dre-Pill-accu-speaker-rood-rechts

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


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

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