WOW!! It’s official: Apple to buy Beats Electronics for $3 billion

Apple Inc. will officially pay $3 billion to buy Beats Electronics, the headphone and music-streaming service founded by West Coast rapper Dr. Dre and music executive Jimmy Iovine, Re/code reported. The price comes in $200 million lower than the number initially reported on May 8. Beats gives Cupertino-based Apple a head start in product development and brings “incredible people, kindred spirits” into Apple’s fold, Re/code quoted Apple CEO Tim Cook as saying.

Here We Go...Beats Creator Files Huge Lawsuit After Apple/Beats Deal

the guy that originally designed BeatsByDre, before they were Beats, and brought it to Jimmy Iovine, asked for Dre to be involved, and originally told Jimmy to ask Apple to be the distribution, Steven Lamar, has filed a lawsuit against Beats Citing 4% of back royalties for Almost every pair of Beats headphones sold! He was originally paid for the 1st pair, but he believes without him, there would be Beats, and he wants Money on future sales as well