Apple Might Make Dr. Dre a Billionaire
Or close to it, if the company buys his Beats Electronics
By Arden Dier, Newser Staff
Posted May 9, 2014 7:02 AM CDT
Updated May 9, 2014 7:50 AM CDT
In this 2009 file photo, Dr. Dre poses for pictures at a press conference.   (AP Photo/Peter Kramer, File)

(Newser) – Apple could be about to make its biggest deal ever, one that would make rapper and producer Dr. Dre a very rich man. Apple is in talks to buy Beats Electronics—known for its wireless headphones, speakers, and, most recently, a music streaming service—for $3.2 billion, the Financial Times reports. Dre, aka Andre Young, has a stake in the company of somewhere around 25%, and the deal would likely put his net worth at about $800 million, reports Forbes. That would make him hip-hop's richest man.

As for the purchase itself, "Apple CEO Tim Cook has been under pressure to invest the company’s enormous cash pile into new products," notes Quartz. "But sometimes, it’s easier to buy than build." Even so, Business Insider finds the move "baffling" because Beats' products aren't considered the best in the industry. "This move is just un-Apple-like, and has us, as well as many others, scratching our heads," writes Jay Yarow. Others argue the acquisition could boost Apple's cool factor amid falling sales.

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Showing 3 of 69 comments
joosruleoverus
May 12, 2014 3:17 PM CDT
this need posted again When you think about Dre you might think of his awesome headphones or Eminem. He was a pretty big star in his own right when he hit the rap scene with his crew N.W.A in 1989. They were rapping about wanting to kill the police, getting it on with the ladies and being an overall gangsta. In 1990, Dee Barnes interviewed Ice Cube, another member of N.W.A so they decided to beat the crap out of her. So when Dr. Dre saw her at a record release party after the interview, he managed to sweet talk her to the side of the party and “began slamming her face and the right side of her body repeatedly against a wall near the stairway”. This was in front of the whole party and his bodyguard held the crowd off. He tried to throw her down the stairs and when he failed, he just starting kicking her in the ribs. When she managed to get up, he chased her into the women’s bathroom where he donkey punched her for a bit longer. This was her side of the story. When member of N.W.A were asked about it, they said “the bitch deserved it” and “bitch had it coming”. Thankfully Dee Barnes tried to sue him for $22.5 million. Of course, he managed to talk his way out of it- 240 hours of community service, two years’ probation and an anti-violence PSA was his punishment. His career didn’t suffer and he went on to sell 4.5 million copies of his album “The Chronic”.
Arthur Vandelay
May 10, 2014 2:20 PM CDT
I bet Steve Jobs is rolling in his grave
TwoSheds
May 10, 2014 6:38 AM CDT
Next move, Sony Walkman?