Dr. Dre did mightily well out of the Apple / Beats buyout. According to the Forbes Cash Kings list for 2013/14's top hip-hop earners, Dre made £378 million over the past 12 months -- the majority coming from the Beats sale.
Apple's purchase of Beats has been approved by the European Commission after it was determined that they do not have a combined share of the headphones market large enough to cause any competition-related issues. [TechCrunch]
It's been hours—hours!—since Apple and Beats announced they would be tying the financial knot, and today, we're getting a revamped version of the most popular Beats headphone. The Solo was a winner, and so the new Solo2 doesn't mess with the recipe much.
It's official, Apple's dropping £1.7 billion on a headphone empire. But more than a blockbuster headphone brand and a promising streaming music service, Apple is getting two of the smartest music and entertainment minds in the world. Dr. Dre and Jimmy Iovine work for Apple now, and that's a potentially revolutionary combination.
The Beats buyout is looking like a done deal, and it now seems Apple is moving to ensure its software is ready for the new injection of audio hardware talent. Rumours are swirling suggesting that the next version of iOS will offer high-definition audio support.