Last week,Apple Electronics announced that it has acquired Dr DRE's Beats Electronics for $3 billion. The highly influential FORBES revealed that Apple paid Dr DRE a whopping sum of $2.6 billion in cash upfront and another $400 million in stock. The deal has made Dr DRE to break the Guinness Book of World Records as the world's first billionaire in hip hop.
The $3 billion purchase price covers Beats Music,the sister company that runs a subscription streaming music service. As part of the deal,Beats co-founders,Dr DRE and Jimmy Iovine will join Apple in undisclosed roles.
Oh my goodness. I need to join the hip hop world fast
ReplyDeleteToo much money
ReplyDeleteDR DRE is made for life.
ReplyDelete