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Apple Reportedly in Talks with Dr. Dre to Buy “Beats by Dre” for $3.2Billion

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Dr Dre - May 2014 - BellaNaija.com 01

Dr. Dre is close to being the first rapper turned billionaire.

The American rapper is reportedly negotiating a mega deal with technology giant Apple. Apple will reportedly buy Beats by Dre, for a whopping sum of $3.2 billion. Apple’s biggest acquisition yet.

The headphone/speaker company was established by Dr. Dre and his business partner Jimmy Iovine and they are expected to take home a huge sum of the cash.

TMZ.com reports that the deal may close next week.

Dr. Dre is currently worth $550 million, just after Diddy who has $700 million.

23 Comments

  1. http://gistville.com

    May 9, 2014 at 12:26 pm

    Oshey, billionaire. Apple sha wants to buy everything 🙂

  2. Igbeyinadun

    May 9, 2014 at 12:27 pm

    Wow! Good business!

  3. +Rare Gem+

    May 9, 2014 at 12:28 pm

    I need a super idea that will rake in billions. Please, God grant me wisdom amen~

  4. Eme

    May 9, 2014 at 1:10 pm

    This is the definition of the prayer that says ‘ Lord show me the path to my breakthrough’. Just after how many years compared to the so many years of music……’purpose’.

  5. Janey

    May 9, 2014 at 1:22 pm

    Apple already bought.

  6. Segun Pryme

    May 9, 2014 at 1:35 pm

    It’s already a done deal. Tyrese and Dr. Dre made the announcement on Instagram.

    • Stephanie

      May 9, 2014 at 2:50 pm

      Wow….is this good news? Its sounds like u r selling your birthright or something

  7. Anon

    May 9, 2014 at 1:50 pm

    He will be hip-hop’s first billionaire. From Compton to this. Nice one.

    • Mz Socially Awkward...

      May 9, 2014 at 2:30 pm

      Az in… This na the real, “started from the bottom now we hurrrr” story.

      Although, I honestly still don’t get the furor about Beats headphones. Feel free to call me a local geh who’s content with her simple in-ear headphones, but I’m not quite clear exactly why Dr Dre’s version justifies the prices charged to buy one …

    • Anon

      May 10, 2014 at 12:48 pm

      There are ear bud/in ear ones. I call them the one for ladies. On sale you can get them for £99. The sound amplification of Beats is amazing.

  8. cool cat

    May 9, 2014 at 2:31 pm

    Jayz will cry o. This was his life ambition

  9. @JennyBaby30

    May 9, 2014 at 6:47 pm

    Ok so the latest news from the world of “Hip-Hop and R’nB” is that Dr.Dre is first Hip-Hop Billionaire! This deserves a big congratulations HOWEVER let’s look into this on a DEEPER level, a level we can apply to our daily lives. Now believe me no one is a bigger fan of Jay Z and Beyonce than me but let’s be REAL with it. If he didn’t take his eye of the ball by following Beyonce on every tour, featuring in every video, and now doing a full blown “On the Run” Tour with his Mrs he would have kept his eyes on the ground for the next big acquisition. To me, it’s a classic case of comfortability thinking “i’m sooooo on top of my game, no one can touch me i’m sitting pretty while I ride with Bey” now while his lyrics emphasises on his cash, chick, and hip-hop status one thing he cannot boast about is being the FIRST BILLIONAIRE IN HIP-HOP. Dre was quietly doing his thing strategising, and having secret meeting because he wasn’t flashing himself in front of the camera that doesn’t mean he was sleeping…. all of a sudden BOOM! Take that Take that Take that (In P.Diddy’s voice) now he has gained a new level of respect and while everyone decided to “Forget about Dre” he has now got your FULL ATTENTION! A new level of arse-licking.
    Now this is how we can relate it to our own lives…. We don;t need to plaster our lives, where we fly to, the bottles of champagne we drinking, the designer bags and shoe ensemble (red bottoms and all) and the rented private jets while our there doing showcasing that on al the social platforms. Someone you laughed at, insulted, slapped, spitted on and made cry is somewhere coming up with a master plan and they may be the one having the last laugh. As the saying goes ” The empty barrels make the loudest noise” ‪#‎justsaying‬ ‪#‎mywords‬ ‪#‎myopinion‬

    • Love

      May 10, 2014 at 12:26 am

      @Jennybaby, I agree with some of the things you said but who told you Jay Z has anything worth acquiring by a technology company? I mean do people really go into business nowadays hoping their businesses get acquired?

      And what does boasting about being the First billionaire in hip hop has to do with anything? What about other areas of life and businesses where other races have succeeded and become billionaires? Black people still have a very long way to go.

      And you’re right Dre was working quietly doing his thing, I don’t even remember the last time I heard about him on the new. But at the same time most entertainers have to be out there regularly so that people won’t lose interest in them

    • John de Beloved

      May 21, 2014 at 1:29 pm

      Word…

  10. @jennybaby30

    May 9, 2014 at 6:56 pm

    This deserves a big congratulations HOWEVER let’s look into this on a DEEPER level, a level we can apply to our daily lives. Now believe me no one is a bigger fan of Jay Z and Beyonce than me but let’s be REAL with it. If he didn’t take his eye of the ball by following Beyonce on every tour, featuring in every video, and now doing a full blown “On the Run” Tour with his Mrs he would have kept his eyes on the ground for the next big acquisition. To me, it’s a classic case of comfortability thinking “i’m sooooo on top of my game, no one can touch me i’m sitting pretty while I ride with Bey” now while his lyrics emphasises on his cash, chick, and hip-hop status one thing he cannot boast about is being the FIRST BILLIONAIRE IN HIP-HOP. Dre was quietly doing his thing strategising, and having secret meeting because he wasn’t flashing himself in front of the camera that doesn’t mean he was sleeping…. all of a sudden BOOM! Take that Take that Take that (In P.Diddy’s voice) now he has gained a new level of respect and while everyone decided to “Forget about Dre” he has now got your FULL ATTENTION! A new level of arse-licking.

    Now this is how we can relate it to our own lives…. We don;t need to plaster our lives, where we fly to, the bottles of champagne we drinking, the designer bags and shoe ensemble (red bottoms and all) and the rented private jets while your out there showcasing all of that on all the social media platforms. Someone you laughed at, insulted, slapped, spitted on and made cry is somewhere coming up with a master plan and they may be the one having the last laugh. As the saying goes ” The empty barrels make the loudest noise” #justsaying #mywords #myopinion

    • Dlapikin

      May 9, 2014 at 9:38 pm

      I agree with everything you wrote! Dr Dre has been on the top 5 of biggest earners in hip hop without making a promo of himself or his family, always humble. living quietly doing things that matter. Now nobody can say he did not deserve it or that he did not do the work. I watched a 50 cents interview the other day where he said Beyonce now makes Jay-z relevant, strangely enough it sounded true. Not that there is anything wrong with that but there is a lesson to be learned when you see people ding all sorts of gimmicks to get to one point and then next to them you see someone who just minds his business doing what he is supposed to get there without even trying to. And it is so right that you quoted “they forgot about Dre” because in it he says his goal was just to feed his family and here he is dunking over those who set out to become billionaires.

  11. Wole

    May 10, 2014 at 1:06 pm

    Dr. Dre has created a legacy, he certainly deserves it. Apple has reckoned with achievement, more reason they are craving for the beat. Definition of #GreatWork

  12. Harry

    May 10, 2014 at 2:13 pm

    It amazes me how people conclude without any info. Dre only owns 25 percent of the Company and so he will make $800 mill and after taxes that is $400 mill which takes his net worth to ard $800 from a previous $400.close does not count.But great move by apple and for the record, it was Jimmy Iovine’s idea to make beats

  13. From Cambridgeshire

    May 10, 2014 at 2:58 pm

    So happy for Dr Dre, as the previous comments stated he’s humble, and doesn’t flash his wealth – I respect him for that. However, I wish he held on to Beats Electronics as its nice to see black people maintain ownership. I wish he’d given up part equity. BET was founded by a black guy, and then he sold it off .Black Entertainment Television (BET) is not blackowned – ain’t that sad. They just put a black CEO to head BET, and loads of black presenters. I wish Dr. Dre all the best, cos he personifies longetivity.

    mormusicgroup.blogspot.co.uk

  14. @Jennybaby30

    May 11, 2014 at 12:04 am

    @Love…. the point is if he kept his eye on the ball, he would have seen what the next big acquisition is it doesn’t have to be in technology but a merger to boast his income. Businesses of today are built of acquisitions and mergers, do you think someone woke up one morning and became wealthy event the likes of Richard Branson when he acquired Virgin Media, and Virgin Cola. If you have a brand that is substantially making profit on its own if Apple sees it as a competitor or a way to take into the “black” market of course they will acquire it to ensure they remain market leaders. The point i’m emphasising is this….. He stayed out of the limelight and was cooking up a masterplan unlike Jay-Z who is following his Mrs up and down.

    Dre was being very quiet and as Dlapikin said he has been one of the top 5 earners in hip-hop… but he’s not in front of the camera he’s strategising as a business man, you don’t see him at any of the awards, on a reality TV show, or granting interviews or featuring on MTV cribs (from what I know, correct me i anyone has seen Dre’s house) he is thinking of how to make his pockets fatter because there is no longevity in music you can be hot today dry tomorrow rich today bankrupt tomorrow.

  15. @Jennybaby30

    May 11, 2014 at 12:14 am

    @Harry so he’ll make $400 mill after tax which takes his net worth to around $800 the fact is he has developed and been the face of a brand that was attractive to a global empire such as “Apple” He has added to his pockets and is closer to that threshold than he’s fellow colleagues Jay-Z, DIDDY, and 50 Cent. It may have been Jimmy Iovine’s idea to make beats but he is not the one making the headlines….. Think about it! Once man’s idea can be aligned with someones destined favour

  16. chi-e-z

    September 21, 2014 at 5:29 am

    wait apple have you told your shareholdes this?…we want to see your life span after jobs with all this. anyways, this is right up their ally overpriced brand name.

    • chi-e-z

      September 21, 2014 at 5:30 am

      **alley**

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