Apple purchases Beats Electronics for $3 billion

Apple has confirmed plans to acquire Dr. Dre’s Beats Electronics and Beats Music service for $3 billion. Both Dr. Dre and co-founder Jimmy Iovine will be joining Apple, and the products will be sold in Apple Retail Stores worldwide! http://arstechnica.com/apple/2014/05/apple-confirms-3-billion-purchase-of-beats-electronics/