APPLE BUYS DR DRE'S BEATS ELECTRONICS FOR $3 BILLION

As reported a few week ago that Apple & Dre were in negotiations, to purchase Dr Dre's  Beats Electronics (Click here)

It's now official, Apple has bought Beats Electronics for $3 billion.

continue for more after the cut...

"The rap mogul and his business partner, Jimmy Iovine, have inked a $3 billion deal to sell Beats Electronics, which makes the wildy popular Beats by Dr. Dre headphones, to Apple Inc.

Dre, 49, and Iovine, 61, are getting $2.6 billion in cash, $400 million in Apple stock, and big time jobs with the company."

Tim Cooks shared the picture above on his twitter account, with the caption below:

"Sharing a laugh with Jimmy, Dre, and @cue. Excited to welcome the #Beats team to #Apple. It's all about the music."