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.