Apple acquires Beats Electronics for $3 billion

The Financial Times had already let the cat out of the bag, but now Apple is making things official: Dr. Dre's Beats Electronics belongs to Cupertino, and it cost them $3 billion. Rumors had circulated that Tim Cook was interested in nabbing up the audio accessory and music streaming outfit, corroborated by a beer-drenched video in which Dre himself declared that he had become "the first billionaire in hip-hop," and now we have Apple's side of the story.

via Tech News Headlines - Yahoo News http://ift.tt/1heDAXL