Posted by | Ray Cornelius
#CHECKMATE
By this time next week, Dr. Dre could be hip-hop’s first billionaire. Sorry Diddy!
According to THR, the rap mogul and business partner, Jimmy Lovine are currently in talks with Apple for the acquisition of their headphone and audio equipment business and Beats Music subscription streaming service for $3.2 billion.
Yes, 3.2 BILLION!
The deal could be announced as early as next week, making this the largest purchase for Apple in the company’s history. Reportedly, the tech giants are trying to crush their competition and remain relevant in the streaming music space that is currently being held by Beats and Spotify.
Dre and Lovine founded Beats in 2006 and have taken in about $120 million over the last two years.
Stay tuned…
Photo Credit: pinboardblog.com
