Apple Said To Be Close To Acquiring Beats For $3.2 Billion (Plus An Awesome Video With Dre Celebrating With Tyrese Gibson)

Chris CrumBusiness

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Apple is said to be in talks to buy Beats Electronics (of Beats by Dre fame) for $3.2 billion, which would be Apple's largest-ever acquisition and make Dr. Dre the richest rap star in the world, according to Forbes. He's already buying Tom Brady's mansion in L.A.

The acquisition news comes from the Financial Times, which reports that the deal could be announced as early as next week, but could still fall apart. It says that Apple will get the recently launched Beats streaming music service, as well as the audio equipment business, and that the Beats management team will report directly to Apple CEO Tim Cook.

Obviously neither company is commenting. But there is this (via TheNextWeb), which is fantastic (NSFW language):

That video appeared on Tyrese Gibson's Facebook page, but was then pulled.

Here's what Twitter thinks about the news:

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Chris Crum

Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.