This is official peeps apple has made dre the first hip hop billionaire after buying his apple electronics headphones for 3billion dollars...apple paid 2.6billion dollars upfront in cash and gave 400million in stock that will grow as time goes on..
The $3billion purchase price includes Beats Music, the sister company that runs a subscription streaming music service. As part of the deal, Beats co-founders Dr. Dre and Jimmy Iovine will join Apple in undisclosed roles.
"Music is such an important part of all of our lives and holds a special place within our hearts at Apple,” CEO Tim Cook said in a statement released today. “That’s why we have kept investing in music and are bringing together these extraordinary teams so we can continue to create the most innovative music products and services in the world.”
This acquisition is Apple’s biggest and largest acquisition since the inception of the company. Apple made $171 billion revenue last year, while Beats made $2 billion. Wowww this is a world class achievement for doctor dre 
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