The speculation and the rumors can finally be put to rest. As of today, Apple is officially the owner of Dr. Dre’s co-owned Beat Electronics. The purchase is expected to close in Q4 of the fiscal year. Congrats to Dr. Dre once again for joining the Billionaire Boys Club!
Despite rumors that Apple was only interested in Beats Music in an effort to boost a decline in iTunes numbers, the deal includes both the hardware and the streaming software sectors of Dr. Dre’s business.
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