Beats Electronics, home to the wildly popular Beats By Dre headphones and other myriad products, secured a $500 million investment from the Carlyle Group.
Beats, founded by Dr. Dre and Jimmy Iovine and home to products by Lil Wayne and Lady Gaga, received the minority investment to help finance growth, reports The New York Times.
Beats is now valued at more than $1 billion, with Carlyle taking two of six seats on Beats’ board.
Additionally, Beats will buy back the 25 percent stake in itself held by Taiwanese smartphone company HTC for $265 million. Beats also paid off a $150 million note held by HTC.
In addition to headphones, Beats electronics also has speakers and sound systems for Hewlett-Packard and HTC phones in its portfolio.
In 2012, Beats purchased online music streaming service Mog for more than $14 million.
“These transactions represent the evolution of the financial strength and significant growth prospects of Beats,” said Iovine in a statement.
“Carlyle is a fantastic investment partner and we look forward to building the next chapter of Beats,” he added.
RELATED: Dr. Dre & Beats Electronics Suing Yamaha Over Copying Headphone Design
ja rules pocket change
if that was really the case he wouldnt have served all that extra time for tax evasion
Dre moves pretty quietly with the exception of a press release here and there and killing in the business world.
Still rocking nothing but black tops too. Real Gangsta
You not supposed to brag that what makes you a target.Real G just do it NikE LOL
chucky killed michael myers in his own game. runnin around with grenades
fuck this man. im mixing my DNA with asian DNA tonight!! we need more half niggas and half chinks!!
Ch1nks? Still using them WW2 slurs, take your mask off white kid.
i’m getting pregnant by an asian tranny tonight!
We have a recount of the cash kings list.
1. Rick Ross 100 million
2. Birdman 95 million
3. Diddy 50 million
Last Place: Jay Z tied with Dr Dre with 3 million
LOL stop it. Ross was dead last on the list right next to Questlove, Lil Jon and Mac Miller
You read the wrong list:
1. That’s how many pork chops Ross ate in 1 hour
2. That’s how many times Birdman tongue kissed Lil’ Wayne
3. That’s how many artists Diddy signed then dropped from Bad Boy
Illuminati to the fullest!!!!!
Can I hear that Illuminatti talk? Funny thing I got my UrBeats yesterday. Nice earphones. BTW, you can get better headphones for better price… but these, I guess are the best looking and the most “in”. Anyway, props to Dr. Dre for knowing how to make some serious business. Diddy and Jay-Z have to buy stakes in companies and distill alcohol to make that kind of money.
It just kills me everytime to see the amount of spam comments here…
Rick Ross, richest rapper in the world.
Hes not as rich as he pretends to be
haha you just insulted your “boss” birdman who has rapped on several Cash Money Anthems like Get your shine on
Those numbers you saw wasn’t money….it was his cholesterol count.
jigsaw ressurected the girl from the ring video in part 3, disecting freddy in 3 while watching i still know what you did last summer.
Gucci Mane = realest rapper ever!!!!!!!!!!!!!!
– T.I. snitch to the feds
– Young Jeezy was never bmf
– 50 Cent snitch and was never in jail but a youthcamp
– Game was never a banger but lived the life of his brother in his lyrics
– Nas Escobar never sold drugs
– Ice Cube never was a gangbanger
– Dr Dre never was a gangbanger
– 2pac was a ballerina and never sold drugs after he become famous he was doing some stupid stuff like beating and shooting at people because he though he could get away with it. Without Suge Knight 2pac was just a skinny motherfucker. Oh and i like his music so fuck you.
– Mobb deep are the biggiest pussies in rap they are short as midgets and keep talking this g shit but never did g shit.
Fuck Dre nigga only sells headphones and his beats are produced by ghostproducers. Check Natural Born Killaz and listen then to the Sam Sneed track the heist! Ask Daz, Ask Above The Law, ask Warren G! G Funk wasnt started by Dr Dre the so called gangster
Nigga you dont kno shit, U dont belong nowhere near a rap section in a record section you belong in the country section cause you are too damn stupid thinkin Gucci is the best rapper alive
Well “Don”, looks like YOU are the one who is too damn stupid, seeing as to how Gucci Realest didn’t refer to Gucci as “best rapper alive” he said he was the “realest rapper alive”. So please shove your regional bias back up your slow-reading ass.
Qucci you been hitting that lean too much again lol you a jealous hatting ass retard
“Beats Electronics have received a $500 million investment” *Later that Day* “Dr.Dre has officially announced Detox will never be released and instead will be focusing on Kendrick Lamar and other new Aftermath artist projects”
Of course ain’t no love for the music its all about the money don’t waste your time waiting for pop stars to release music follow some real artists!!!
http://i1.ytimg.com/vi/H4rKlI42nSE/mqdefault.jpg
“Ross was dead last on the list right next to Questlove, Lil Jon and Mac Miller”
Yet he has more money than any of those clowns. Go figure.
Lil Jon got just as much if not more bread than Ross
Nigga you gay.
Damn they getting that money. Checkout thegrandreport, they got some good videos on there
http://www.youtube.com/watch?v=mSFVIWOft3g
haha you just insulted your “boss” birdman who has rapped on several Cash Money Anthems like Get your shine on
FUCK, looking by the way they’re tossing money at Dre, some of these investors must desperately want Detox to never come out.
http://www.youtube.com/watch?v=u-7zFV6ypZg
666
dr drei will be highest paid athletic again this year #beats #drDer
http://www.youtube.com/watch?v=QI-KjVLS6Uk
http://www.youtube.com/watch?v=6W1tG-m4NSU
http://www.youtube.com/watch?v=JqHliQijgvA
http://www.youtube.com/watch?v=5SCtyEOJy0A
http://www.youtube.com/watch?v=oYA18okbqqo
FUCK Detox Dre keep making headphones
http://www.youtube.com/watch?v=5oAeoOcpUS4
http://www.youtube.com/watch?v=havU8L3tg8A
http://www.youtube.com/watch?v=H50FEBAaRJE
So what!! hes getting richer and richer why would his fans care where is the music?
Exactly…That’s why we’re fans in the first place…THE MUSIC
http://www.youtube.com/watch?v=rMKXheW_pZ4
Yes we get that they made a smart investment and are filthy rich but the question is what do u love to do? Sit in a office with old dorks and just be a CEO? This last album could be amazing if done correctly.
Pics of Dre with his master makes me sick.
“Lil Jon got just as much if not more bread than Ross”
Rick Ross – $28 million
Lik Jon – $25 million
Surprising Lil Jon is caked up like that.