Friday, 9 May 2014

APPLE TO BUY BEATS BY DRE HEADPHONES FOR 3.2 BILLION DOLLARS

Dr. Dre, who founded Beats electronics with record producer music producer Jimmy Iovine. The firm could now be sold to Apple.

Dr. Dre celebrated his headphones deal with Apple last night by declaring himself the richest man in hip hop.
Stylish headphone maker Beats Electronics (also known as 'Beats By Dre') finalized a deal to sell to Apple for a reported $3.2 billion. 

Within hours of the news, the star was seen in a video alongside R&B singer Tyrese Gibson boasting about the deal.
'First billionaire in hip-hop, right here on the mother-****** west coast,' Dre says to the camera.
Dre’s stake in Beats currently stands at somewhere around 25%. After taxes he would likely be left with a net worth of around $800 million making him hip-hop’s richest man, toppling P. Diddy by $100 million.




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