S. Samuel
Aftermath Records CEO Dr. Dre and Jimmy Iovine are reportedly expected to enjoy some added benefits when tech giant Apple purchases Beats Electronics. #WeTookYoJob
According to reports, the Doc and Jimmy could find themselves holding top-ranking executive positions in addition to the overall $3.2 billion purchase.
As part of the massive deal that has Apple buying Beats Headphones for a reported $3.2 billion, Dre and Iovine “are likely to take senior positions” at Apple, so reports the Wall Street Journal. The WSJ goes on to say its unclear what type of roles the men would have. The buzz we’re hearing … Dre will report directly to Cook. Once the deal is complete, Dre stands to become the first billionaire in rap … well, before taxes. (TMZ)
Dre protégé Game jumped onto his Instagram page Friday (May 9) and tipped his hat off to him in light of the pending deal.
“#FlashbackFriday A BILLIONAIRE in the making. Congrats big homie !!!!!!!! #Compton,” Game wrote May 9. (Game’s Instagram)
A video of singer Tyrese and Dre celebrating the mega deal popped onto the singer’s Facebook page this week.
In a video initially posted to Facebook and subsequently pulled, West Coast rappers Dr. Dre — the cofounder of Beats Electronics — and Tyrese appear to be celebrating the rumored sale of Dre’s headphone brand to Apple, seeming to confirm that the deal is legitimate. “How did I end up in the studio with Dr Dre ON THE night his deal went public that he did with Apple 3.2 BILLION!!!!! The BEATS HEADPHONES JUST CHANGED HIP HOP!!!!!!” (Apple Insider)
Details of the potential deal surfaced online Thursday (May 8).
Apple is set to acquire headphone maker and music company Beats Electronics for a reported $3.2 billion. The acquisition could be announced as early as next week, the Financial Times reported, based on people familiar with the negotiations. USA TODAY independently confirmed the deal through a source who is not authorized to speak publicly about it. (USA Today)
#WeTookYoJob
