It’s A Done Deal!
Dr. Dre and renown music producer, Jimmy Iovine have sealed the deal and sold Beats Audio to Apple for a reportedly 3.2 billion dollars. According to the reports, both companies [Apple and Beats Audio] have been in talks since last year.
Tim Cook [who is the CEO] of Apple and Iovine [CEO of Apple and Beats Audio] were allegedly in talks for several months and they have finally reached an agreement that has everybody talking. This marks one of the biggest selling offers in U.S history making Dr. Dre a billionaire.
” The trade-of will also give Apple right to Beats by Dr.Dre headphone lin, and the newly launched Beats Music service -reports the Source Magazine. “
Which brings me to the next question –Should He Have Done So?
They say opportunity sometimes knock once but clearly Apple saw the future wealth of this product and decided to cash in now! Be clear PLUM’s 3.2 billion is breakfast money for Apple; they’re a trillion dollar corporation.
Last year, Forbes named Dr.Dre as one of the wealthiest artist in Hip Hop with an estimated earnings of $550 million dollars.
I’m sure his number status will move up his fellow millionaires, Jay-Z and Diddy who also made the list with earnings over $700 million.
Singer, Tyrese had the pleasure of being in the studio with Dr. Dre when he received the news that the deal was sealed.
A Tweet, A Tweet, That’s All PLUM’s!