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Apple Announces It Is Acquiring Beats for $3 Billion

IGN
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May 28, 2014 AT 7:09 PM
Following several weeks of rumors, Apple has announced that it will acquire Beats Music and Beats Electronics in a deal valued at $3 billion. Beats founders Jimmy Iovine and Dr. Dre will join Apple, though what their positions or responsibilities will be has yet to be detailed.