Apple Buys Beats For $3.2 Billion, Dr. Dre Becomes A Billionaire

In a surprise move, Apple announced that it has officially purchased Beats for $3.2 billion. Founded by hip-hop rapper Dr. Dre, Beats Music will go to Apple's iTunes service as part of the deal, creating exciting possibilities for the future. Also, would Apple introduce Beats preset equalizers with iOS 8? Who knows, but this is Apple's biggest acquisition of late. Let's see what they make of it.