Apple has confirmed it is buying Beats Electronics, the headphone
and music streaming service set up by rapper Dr. Dre and recording impresario
Jimmy Iovine.
The $3bn acquisition by far the most expensive in Apple's 38-year
history, and comes three weeks after the deal was first rumoured - although the
initial price was believed to be $3.2bn.
Apple Boss Tim Cook revealed the deal, saying 'We have known these
guys forever, we've dated, we've gone steady and now we are getting married.'
Congratulations to Dr. Dre, he becomes the first Hip hop Billionaire.
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