A major deal is about to take place between Apple and Beats Electronics. Reports say that Dr. Dre and business partner Jimmy Iovine of Beat headphones are set to be purchased by the top computing empire. Reports say the deal will close at about $3.2 billion.
According to the Financial Time:
Apple is closing in on an acquisition of Beats, the headphone manufacturer turned streaming music service. The $3.2 billion deal would give Apple control over a powerful brand, but it would at the same time be puzzling. Apple's digital music juggernaut has been slowing down recently, and the company is rumored to be weighing an on-demand streaming music service. In that sense, the deal would make sense. But the deal would also supposedly give Cupertino control over an empire built on plastic headphones, which conceptually might not meld with its elegant glass and aluminum aesthetic.
By early next week the deal should be final and made public. Get that CA$H Dre!