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Apple, Inc. In Talks To Buy Dr. Dre's Beats Electronics For #3.2 Billion
In a landmark move, Apple Inc. is said to be buying Dr. Dre's Beats Electronics, his company partnership with Interscope's Jimmy Iovine. The deal is said to be worth 3.2 BILLION and also said to be an effort by Apple to offer more products as well as possibly revive its bid for its own streaming service, as iTunes Radio may need a little push in competing with companies like Spotify. Beats Music, its streaming service, was previously known as MOG Music before being purchased by Beats Electronics.
Check out the article below, courtesy The Washington Post.
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