
Apple has just confirmed plans to purchase Beats Electronics for $3 billion. The acquisition ranks as the largest Apple has ever made and will see it take ownership of an enormously successful and profitable line of consumer headphones as well as a burgeoning subscription music service. Beats co-founders Jimmy Iovine and Dr. Dre will join Apple as part of the acquisition, which it will pay for with $2.6 billion in cash and $400 million in stock.

















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