The other day we reported that there was a rumor floating about that Apple could buy Beats for an eye-watering figure of $3.2 billion, making it one of Apple’s largest acquisitions to date. There was also talks about how Apple could be bringing Beats’ Jimmy Iovine on board where he would act as a special advisor to Apple’s CEO, Tim Cook.
Now according to a new report from The Wall Street Journal, that offer would apparently be extended to Dr. Dre as well, who is also the co-founder of the Beats’ brand. The report claims that both Iovine and Andre Young (Dr. Dre’s real name) would be offered senior positions at Apple once the acquisition had been completed.
It is not clear as to what their positions would be, aside from Iovine’s alleged special advisor role. Perhaps Apple might continue to run Beats as a separate company which will see Iovine and Young continue their role at the company, just under the Apple banner. Iovine, at the moment, is still the chairman of the Universal Music Group, and his contract with the company is expected to run at least until the end of the year.
Either way hopefully we will find out more this week, which is when the deal is rumored to be announced. The claims of Apple acquiring Beats is a bit of a wild one and was confusing at the start, although this seems to have been “confirmed” by Dr. Dre himself in a video uploaded onto Facebook, in which he calls himself the first hip hop billionaire, alluding to the $3.2 billion deal.
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