Dr. Dre set to become first rapper in the world that turned billionaire.
Veteran American rapper and producer Dr.Dre , was reported in business negotiation with technology giant Apple Inc.
Apple Company is in business negotiation with Dr.Dre, by buying his electronics beats for whooping price of $3.2Billion.
If Apple company finalized this deal, it will be their biggest acquisition yet.
The headphone/speaker company was founded by Dr Dre and his Jimmy Iovine’s Beat Electronic. If the buy out clause goes through , Apple company will control Beat’s hardware business and its recently -launched music streaming services Beat Music.
In august 2011, HTC manufacturer company purchase 50% of Beat Electronics for $300Million. But in less than 3 years Beats Electronics purchase the shares back for $415 Million.
Dr. Dre is currently worth $550 million, just after Diddy who has $700 million.
