Beats bought by Apple for $3.2 billion confirmation
The confirmation came from Rapper and Actor Tyrese Gibson’s Instagram account, who posted a photo of himself and Dr Dre, where he states:
Tonight HIP HOP CHANGED FOREVER AND I WAS THERE TO PAY MY RESPECTS!!!!!! Apple = Beats 3.2 BILLION!!!!!! The night everything changed!!!! #Inspired Whoa!!!!!
Exactly what Apple has planned for Beats Audio remains to be seen, the company was previously in partnership with HTC, although Beats purchased HTC’s share of the company back last year.
As an interesting sideline – this also makes Dr Dre the first billionaire rapper.