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 411mania » Music » News

Advertisement
Apple Close to Deal to Buy Dr. Dre’s Beats Electronics Brand
Posted by Jeffrey Harris on 05.08.2014



Variety reports that Dr. Dre deal to sell his Beats Electronics brand to Apple will earn over $3 billion.

Apple is reportedly purchasing Beats Electronics for $3.2 billion. The brand was created by Dre and Interscope co-founder Jimmy Iovine in 2008. The line first started with headphones before expanding to speakers, car audio systems, and a streaming service. The deal could close by next week, and it would be Apple's biggest acquisition ever.

Dre recently made No. 2 on Forbes' most recent list of the wealthiest artists in hip-hop. His net worth was reported as $550 million. Sean "Diddy" Combs was listed as No. 1 at $700 million.





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