Apple Reportedly Purchasing Dr. Dre's Beats Electronics For $3.2 Billion

Dr. Dre stands to make $1 billion on the proposed sale.

Apple is set to purchase Beats Electronics for $3.2 billion, according to gizmodo

The site says that the sale of the company owned by Dr. Dre and Jimmy Iovine would make Dr. Dre approximately $1 billion.

Terms of the deal would result in Apple also owning Beats Music, the Beats Electronics music subscription service launched this year that provides similar services to Apple’s iTunes Radio.

If the deal goes through, it would be the biggest acquisition in Apple’s history. It would also go against the policy of Steve Jobs, the company’s co-founder, who died in 2011 and who CNBC says "was reluctant to pursue high-profile acquisitions."

The deal is still in the negotiations process, according to CNBC, but it could be announced as early as next week, if the final deal points are ultimately agreed-upon.

RELATED: Dr. Dre & Jimmy Iovine's Beats Music Now Available

150 Comments

  • jackadondy

    i love you so much i'm you're fan in drc congo i'm also a raper there my dream is to meet you one day and rap with you if you need more about me please contact me in my page facebook mr daniel jackadondy there you know many thing about me my phone number is +243816070834

  • ChuckT200

    haha, dre should go and finish the detox now http://rapmem.es/meme/dre-be-like-fuck-detox-lets-make-a-billi

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  • Booger Luchese

    My favorite rappers: 1. Riff Raff 2. Action Bronson 3. Apathy 4. 50 Cent 5. Kid Cudi 6. Tech N9ne 7. Yelowolf 8. Chance 9. LiL Debbie 10. Shotty Hoorah

  • mikesteezx

    Dre could make another .5 bil off DETOX, but that will never happen. Peep this list of the Top 10 Mixtapes underground and mainstream: http://thestylesunltd.com/entertainment/top-10-mixtapes-from-april/

  • Cam Gamma

    No reason for Dre to produce another classic album. Music has changed, the fans have changed and hip-hop is suffering because the internet made everybody and they momma think they can rap. Support up and coming rap artist Cam Gamma @ http://camgamma.com "From Somewhere In Outer Space" The Mix-tape OUT NOW!

    • Anonymous

      Fuck a Cam Gamma. I just killed his career before it started

    • JimdeanKing

      its funny how you say everyone thinks they can rap because of the internet now and then you go say come support this up and coming nobody rapper. kind of contradicting yourself there buddy. I will def not be listening to his lame ass music

  • Anonymous

    My last pay check was $9500 working 12 hours a week online. My neighbour's sister has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. ================================== >>>>>>>>>>>>> WWW.JOBS75.COM ================================== VISIT this site and go to next tab for more info and help

  • Anonymous

    Congratulations to Dre, hard work, no Kneegrows excuses.

  • former Drefan

    Dre still has no inspiration to produce classic tracks. He lost his touch. Money not gonna change that. That's what should matter to us fans. We fans don't enjoy his money. We dont live in his house or drive his cars. We can only enjoy what he produces. And the last five years thats nothing.

    • former Drefan

      "Go buy some headphones you f'n idiot." I don't want to be an idiot, so I'm not gonna buy them.

    • Anonymous

      a few months ago they did a story about how he was inspired to make music again and get back to the studio. he says that at least once a year.

    • The Editor

      Go buy some headphones you f'n idiot.

  • 614grind

    Congrats to Dre. Now can we get some music?

  • 614grind

    Congrats to Dre.

  • Anonymous

    How Dre said it: I a'int spenty my own money since Eminem dropped This nigga is having the illest run of success ever....since day one in the rap game this nigga always seem to find himself around the biggest groundbreaking moments in rap.

  • Anonymous

    How Dre said it: I a'int my my own money since Eminem dropped This nigga is having the illest run of success ever....since day one in the rap game this nigga always seem to find himself around the biggest groundbreaking moments in rap.

  • mogul

    So Dre will be HIP HOP's FIRST BILLIONAIRE! Everyone always talks about Diddy & Jayz b/c they brag a lot & Dre us quiet and humble but.... Dre haa made the most money in Hip Hop as a producer and also as owner of Aftermath. He has made more than Jay with the selling of Eminem and 50 cent albums alone.

  • The Ice Cold Phenom

    Talk about Return on Investment...Wow! Congrats!

  • Anonymous

    Funny how niggas bring up 50 cent in the convo when talking about richest rappers, then turn around and talk about him with the likes of Rick Ross...I notice no one will ever bring up rick ross in a conversation about wealth. the fact that 50 even considered in this conversation means he is doing something right

    • Anonymous

      If the words didnt hurt then they wouldnt get an emotional response. :) LOL. Hell yeah Diddy and Baby have relevant careers they are running succesful labels and earning Gold and Platinum plaques for singles and albums. The reason why Diddy, Dre, Baby and JayZ are moving up the ladder while other rappers fall down the ladder is because they don't have a crab mentality and they try to make the people around them succesful while avoiding negativity and tearing people down.

    • Anonymous

      ironic coming from the biggest crab on dx

    • Anonymous

      I only hear names like JayZ, Diddy and and Dre because those three were at the top of the Forbes list last year while 50 was at the bottom with Ross. Forbes Highest Paid Hip Hop Artists 2014 1. Diddy $700 million 2. Dr. Dre $550 million 3. Jay Z $520 million 4. Birdman $160 million 5. 50 Cent $140 million

    • Anonymous

      LOLOLOL so much hate in your heart old man sad how you as old as 50 but will never make a mill

    • Anonymous

      I dont hear people talk about 50 as being the richest, I only hear names like JayZ, Diddy and and Dre because those three were at the top of the Forbes list last year while 50 was at the bottom with Ross. Besies JayZ, Diddy, Baby and Ross are Self Made and didnt need Eminem and Dre to blow up which is why they still have relevant music careers and 50 doesent even have major label backing.

    • Anonymous

      Diddy and Baby still have relevant music careers?

    • Anonymous

      youngest nigga in the top 5 forbes

  • Anonymous

    Why is niggas talking about other dudes on here. All them dudes created there business, Dre was lucky to sell his...why is it a competition. The moral of the story is keep grinding, you'll find your hustle.

  • Anonymous

    Dr Dre and Jimmy Iovine begged 50 Cent to join them and invest in Dre Beats but 50 Cent said he refused to go into business with another N*gger in reference to Dr Dre. 50 Cent was so envious and hateful about Dr Dre's success with DreBeats that he decided to create a rival Headphone line to compete with Dr Dre. Karma is a cruel bird and 50 Cent hired rogue designers to steal their designs from another company and eventually 50 was caught and sued and subsequently lost a 16 million dollar lawsuit to a rival company for his theft. Dr Dre will be HipHops first Billionaire and he did it with the genius idea of designer headphones and he never allowed SMS audio to discourage him from his dream, Dre believed in himself and his product and now everybody who invested in DreBeats stock is going to make a lot of frickin money!!! Salute the Doctor!

    • Anonymous

      If what the OP said was false then why did it force an emotional response from the victim? Jimmy is genius, who the hell ever thought about high priced headphones becoming a fashion accessory? You add the greatest HipHop producers name to a headphone line and now you add a great marketing pitch. A Billion......

    • Anonymous

      actually Will-i-am from BEP came up with the idea and brought it to Jimmy

    • Anonymous

      hahahahahahahaha "Dr Dre and Jimmy Iovine begged 50 Cent to join them and invest in Dre Beats but 50 Cent said he refused to go into business with another N*gger in reference to Dr Dre." "he never allowed sms audio to discourage him from his dream" jimmy iovene was the one who came up with the headphones idea n asked dre to be a partner dr dre was the poster child

    • Anonymous

      worlds oldest saddest rick ross groupie everybody, the one and only lonely @Bruthadee

  • Benzino Goon Squad

    It's a amazing that someone as talentless as Dr. Dre becomes a billionaire, only in AMERIKKKA. He doesn't write rhymes, he hires people to produce tracks for him. He didn't design "his" headphones, actual designers did. He's spent decades spewing ignorant bullshit about "gangbanging" and "fucking hoes". All this dude cares about is money and has done squat to help his own community. This guy is fraudulant Whitewashed, roided up, piece of shit. #BGS2014 #eminemisthewhitedevil #dontbesurprisedwhendreconvertstojudaism #bothchronicssuck #thereisnodetox #hewouldhavesoldhisownchildrenintoslaveryforadollar #hesdonatedmoretothezionistcausethanhispeopleinamerica

  • Ant

    Some of yall on here thinking way too much....1 word for you Dr.Dre Congrats!!!

  • Anonymous

    Dr Dre and Jimmy Iovine begged 50 Cent to join them and invest in Dre Beats but 50 Cent said he refused to go into business with another N*gger in reference to Dr Dre. 50 Cent was so envious and hateful about Dr Dre's success with DreBeats that he decided to create a rival Headphone line to compete with Dr Dre. Karma is a cruel bird and 50 Cent hired rogue designers to steal their designs from another company and eventually 50 was caught and sued and subsequently lost a 16 million dollar lawsuit to a rival company for his theft. Dr Dre will be HipHops first Billionaire and he did it with the genius idea of designer headphones and he never allowed SMS audio to discourage him from his dream, Dre believed in himself and his product and now everybody who invested in DreBeats stock is going to make a lot of frickin money!!! Salute the Doctor!!

    • Anonymous

      Nobody would buy Will I Am Beats but everybody loves Dr Dre beats/production.

    • Anonymous

      What are you talking about, do you know the idea for beats was created by Will-i-am. He brought the idea to jimmy, so where are you getting this information from?

  • leather face witch mask crazy chain saws

    put leaher face witch mask on start throwing son bich on tress out he sicker hey sicker

  • leather face witch mask crazy chain saws

    what happen in 97,crazy things do happen son bich sitting in room by window grab my hand threw window drag him to jason woods .has leather face wtch mask on start throwing son bich on floor

  • Anonymous

    Well finally Dr Dre has money so he can do something for the poor people because he also was once poor. thank you dre

  • Anonymous

    fuck that shit, wheres Detox?

  • Reality Check

    More like $500 million in Apple shares, $100 million in Beats shares and the rest in cash. So, $400 million minus $140 in taxes. Seems like Dre is going to at least have $275 million extra dollars. His little brother is dead and so is his legitimate son. I know that it hurts him, but money does probably help.

    • ?

      No details has been disclosed of this mega-deal yet. An announcement is expected next week after the deal is finalized.

    • I'm with stupid

      Let me apoligize for using forbes every years numbers then. The point is that when being said they are worth $500 million it means that that isn't only cash in the bank. Furthermore If Diddy made $50 million last year for example that could mean that for example his shares in Ciroq became worth 10 million more. That is included. The point Reality check made was that he wasn't getting $1 billion but maybe shares etc. Well it is still money and included in the $1 billion price check. Just not 10.000.000 $100 bills.

    • hjguyh

      all 3 of you are stupid as fuck who said anything about forbes and cash kings homeboy only spoke about the sale of beatz

    • ofay watcher

      haha coldblooded

    • Anonymous

      Wrong you filthy dog, the Forbes HipHop Cash Kings list is based on accumulated income earned the year before you filthy animal.

    • I'm with stupid

      Hey stupid. All the number forbes put out every year is the amount of money people are WORTH not how much they own in cash. Even if Dr. Dre gets $500 million in shares it still is $500 million he gains. Do you really think that Diddy has $700 million cash in the bank? Off course not. It is all his companies shares and interests combined. And if he were to sell everything according to the current market price he would have that. Reality check my ass!

  • Lil Nigga

    my favorite rappers. fuck what you think. im still an intelligent nigga. fuck Dr. Dre! 1. Lil Wayne 2. Young Thug 3. Drake 4. Chief Keef 5. Lil Durk 6. Rick Ross 7. French Montana 8. Wiz Khalifa 9. Future 10. Ty Dolla Sign #TOP5 #BEST #RAPPERS #2014 #REAL #AGE25

    • jackadondy

      jackadondy: i love you so much i'm you're fan in drc congo i'm also a raper there my dream is to meet you one day and rap with you if you need more about me please contact me in my page facebook mr daniel jackadondy there you know many thing about me my phone number is +243816070834

  • Drib

    I wish I owned beats and was selling it to apple to make me a billionaire but I don't own it, I don't own barely anything and I've got barely any money, if only I had created beats

  • Steve

    Hip hops first billionaire sorry puffy.

  • Rich

    50 and Jay aint gonna like this LOL

  • Rich

    Fiddy made as fuck right about now LOL and Jay is salty as fuck, right now, he wanted to be the first rapper billionaire bwahaha!

  • Anonymous

    Beats fits well with Apple products - overpriced and not worth of their price.

    • Anonymous

      "apple products are worth it, have you ever owned one for a long time? " No I haven't owned one for a long time because they always break after less than a year and have to be sent back and replaced by the warranty.

    • CP

      samsung phones aren't cheap, and the build quality is as good as anything apple can come out with, they're both great, just go with what you like, but you sound ignorant when you put one over the other when it simply isn't true

    • georgel

      apple products are worth it, have you ever owned one for a long time? they are made with high quality parts and last much longer, get a job if you cant afford them and buy those cheap plastic shitty samsung phones made in korea

  • Anonymous

    "My point was private sector entrepreneurship creates progress for everyone, which obama seems to hate" You got Obama confused with Nicolas Maduro

  • Anonymous

    U go on Dre, get the fortune and make them cacs mad

  • uncle-tom

    How the hell is this company worth 3.1 billion? The present revenues would have to be over $100 million for it to make sense. That's alot of fucking headphones, I doubt they are much different than any other headphones available. Either way, good for dre. Maybe blacks will learn Obama's anti-capitalist message is blocking progress like this.

    • uncle-tom

      Black unemployment is at an all time high under Obama and you all are dumb enough to keep following him. No wonder africa is such a shithole, you vote on emotions instead of results

    • Anonymous

      no idiot, one brother getting paid while the rest of us get hosed by the system is NOT progress but you think 3.1b is for headphones, obviously don't know wtf you're talking about like that anti sh*t, b.o. was giving tax breaks and 8k for new hires for small business, which is the ONLY rise in labor since 2008 you listening to them corporate con-men tell you he's destroying things, when their profits are the highest in 40 years and their ceo's tell us no raises and more layoffs while they take home million dollar bonuses stupid ass

    • Anonymous

      Stupid Americans not understanding economy. The only way Our modern economy and political systems will work in the longterm is a light teoretical communism. taxes is important for a nation to survive.

    • Anonymous

      It is bruthadee, he puts spaces between his sentences, I have studied his posts for years and recognize his posts. When he forgets to add his name to his posts I add his signature as his male Secretary and his accountant.

    • Anonymous

      "Obama's anti-capitalist message" WTF???

    • uncle-tom

      A black man getting very rich isn't progress? That's the entire democratic voting point - that only old white men are rich. My point was private sector entrepreneurship creates progress for everyone, which obama seems to hate

    • Anonymous

      apple has music and patents to monopolize and small tech won't be able to make a mark dumbass that's not progress

  • Anonymous

    I just want my music heard thats all, im not looking for no record deal, getting famous 'r anything like that.! so please just spare a few sec. to check me out, & if you like what you heard please SUBSCRIBE so ill know you actually listen & support http://www.youtube.com/watch?v=PaSNK0pm4eY

  • Anonymous

    Doesn't Dre selling his company mean he can focus on detox now?

    • georgel

      But what is his motivation for even making an album? To get another million dollars? Id say fuck it and retire. If he releases detox and its not as good or close to as good as the chronic it will also hurt his music legacy. its too much risk and he dont need the money. id like it to come out too but i dont see it happening ever

    • Anonymous

      Probably makes it less likely!

  • Anonymous

    sms audio is next wow timbaland nd 50 is gonna be filthy rich

  • asdf

    holy shit dre's a billionaire

  • Anonymous

    My last pay check was $9500 working 12 hours a week online. My neighbour's sister has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. ================================== >>>>>>>> WWW.JOBS75.COM ================================== GO TO THE SITE AND NEXT TAB FOR MORE INFO AND HELP

  • Anonymous

    Dre is so broke.

  • Anonymous

    Dre going to be the new richest rapper?

  • bags

    Nigga definitely aint makin Detox now

  • CS

    Hmm.. you know who I can see liking this deal. besides Dre.. 50 cent. He was able to get in the headphone game and make a respectable impact, right after Dre. Personally I think the SMS sound quality far exceeds Dre Beats. If Fif plays it right.. he could do a deal with Samsung.. and cash out just the same.. especially if that Star Wars line blows up. Companies are eager to work with HipHop entrepreneurs because they clearly see our influence on world culture. Same Reason why the Cheerios Bee is posing on the new Cheerios box in a BBoy stance. Which was originally the stance of the 5 percenters. They probably don't even know that .. or don't care. It's Money. Build your Brand my people.. It's out time. CS Brand Apparel 2014 .. #WisdomMechanics

    • Anonymous

      honey nut cheerios ain't in uk? either hard to believe or you don't go grocery shopping

    • Cooke

      Definitely. Hip Hop is everywhere. Even songs like Royals by that ugly white hoe is Hip Hop. Black music is the foundation of this country. If you think about it, Europeans are only responsible for "classical" music (and even this "fact" is up for debate). But in the US, Jazz and Blues are the foundation of this country. Everything other genre is just an extension of that ("Country", "Rock", etc).

    • readbetweenthel_i_n_E_s@live.co.uk

      You guys have a cheerios bee? we just got 'cheerios'

    • Anonymous

      Sound comment.

  • Anonymous

    SMS audio next fam! SMS what? GTFOH with that wino set. Gucci Mane about to buy that shit for Z$10.5billion Zimbabwe dollars.

  • Anonymous

    You deserve it. I really hope this deal goes through. Assuming that's what you want and you end up winning. I wish you and the other few rich brothers and sister sit together and come up with a clear plan to change the trend of what is passing for "hip hop" nowadays. From "I got bitches, I bang, I sell keys, I got a lambo" TO "F the system, smarten up and drugs are for suckas regardless of the fancy names your hood has for them". Bringing conscious and meaningful style back would be the best thing our super rich Dres and the Diddys can do for the community. What better way to give back but to change back the trend and stop the destruction of our people. To those that love that gangsta and trap shhh, you will still get shhh, all I am saying is, it should not be mainstream hip hop. Some of you will clown and some of you will disagree, it's cool. Fortunately for you, they are too concerned with becoming the first billionaires and giving a f76k about the culture and the race is sooo 90.

  • 3 Things

    1. Beats are overrated. My aunt (rip) got me a pair for christmas one year, and they had to go back. So much bass you can't hear the lyrics (I'm one of those old timers who prefers lyrics over production), and... 2. Dre better start doing some more charity work. How many cats come up in the game talking about "people don't look out for us in the hood, all these rich people... blah, blah", but then they get greedy with the cash. 3. 50's jealous right now. lol

  • A nigga witta bus pass

    yo dre let me hold a couple G's u aint gon miss it

  • Anonymous

    oh look a Bisexual and a gay man together making billions of dollars and pimping out communities

  • Evans

    That sounds sketchy, how many times is Dre going to sell beats ? Didn't he just recently get a big cheque from the sale of the same ? How did he end up with a net-worth of $550 million ?

  • Anonymous

    grats dre but it wack apple gon own beats now

  • HulkStroganoff

    I guess he can use some of this cash to clean up all of those bodies he's been leaving on Greenleaf with their heads cut off.

  • Anonymous

    the article i read said apple may be looking to aquire beats, not that theyre buying it

  • Anonymous

    That's huge news, this would make Dr Dre the first hiphop billionaire.

  • dentaldamboy

    Dre can thank my boss, Birdman, for brokering this deal. Since the death of Steve Jobs, Birdman has been pulling the strings over at Apple becuase he is the largest equity holder.

  • Rocker4Life

    If everything else didn't confirm the never-release of Detox, this does.

  • D From Q.U.

    Daaaang, so if the deal goes through, Dre will be hip hop's first billionaire, surpassing Diddy.

  • DrebinSlevin

    I guess that Beats Music Service is done now....

  • 50 Cent

    Yo what bout SMS audio?

    • Anonymous

      SMS Audio is on the come up too, got a deal to make audio related products for Disney and Star Wars.

  • Anonymous

    Suge Knight was going in on this nigga and Jimmy Iovine the other night. I saw a video. He also threatened to knock Rick Ross out and play with his tittys! No lie.

  • Anonymous

    Why people feel sorry Jay-Z and Diddy, I ain't gonna be crying if I had over $500 million.

  • Anonymous

    Dre & Jimmy stay laughing at their haters lol

  • Dr Dre

    Sorry Diddy! Sorry Jay-Z

  • Anonymous

    Now that Dre will be a billionaire, Detox is never gonna see the light of day

  • Real Talk

    Run with Jews and you end up rich, run with dumb niggas in the hood and end up dead or die of AIDS like Eazy-E.

  • junMaf*ckn

    A Billi A Billi A Billi A Billi

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