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Apple agrees deal to buy Dr Dre's Beats headphones firm for $3bn
Apple has bought headphone maker Beats Electronics for $3bn (£1.8bn) in a deal that ranks as the iPhone giant’s largest ever.
The agreement sees Apple snap up Beats’ music streaming service and audio equipment arm. Beats co-founders Jimmy Iovine, a music producer, and rapper Dr Dre will join Apple, as part of the deal, which comprises $2.6bn in cash and around $400m in Apple shares.
The agreement sees Apple snap up Beats’ music streaming service and audio equipment arm. Beats co-founders Jimmy Iovine, a music producer, and rapper Dr Dre will join Apple, as part of the deal, which comprises $2.6bn in cash and around $400m in Apple shares.
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