Dr Dre may have just become hip-hop's first billionaire after selling Beats Electronics to Apple (Don MacCathy/London Ent/Splash)
According to The Financial Times, Dre has been in serious talks with Apple to acquire the brand which is valued at a cool $1 billion with an announcement believed to be made next week.
Technology analysts are speculating that Apple are more interested in the music streaming leg of Beats Electronics rather than the headphones, and they are also reportedly considering a deal with Spotify.
In September 2013, Beats Electronics received a $500 million (£295 million) investment from Carlyle Group, boosting its financial value.
With...
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According to The Financial Times, Dre has been in serious talks with Apple to acquire the brand which is valued at a cool $1 billion with an announcement believed to be made next week.
Technology analysts are speculating that Apple are more interested in the music streaming leg of Beats Electronics rather than the headphones, and they are also reportedly considering a deal with Spotify.
In September 2013, Beats Electronics received a $500 million (£295 million) investment from Carlyle Group, boosting its financial value.
With...
Click here to view the article
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