Apple buys headphone maker Beats for $3bn

Apple buys headphone maker Beats for $3bn

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Beats Electronics LLC is a division of Apple Inc. that produces audio products. Headquartered in Culver City, California, U.S., the company was founded by music producer and rapper Dr. Dre and Interscope Records co-founder Jimmy Iovine. Apple Inc. acquired Beats for US $3 billion in a cash and stock deal, the largest acquisition in Apple's history.

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