Dr. Dre, the co-founder of Beats, has announced the $3.2 billion deal, which however has been deleted by Apple, a company not fond of prior leaks.
The video was posted by Dre’s friend Tyrese Gibson, who rumored the buyout in a video. Here is a short clip that shows Dre boasting becoming ‘the first billionaire in hip-hop’.
Here’s the clip:
Dre however was drunk off of Heinekens.
If the deal however goes through, Dr. Dre will be taking home $1 billion. Forbes notes:
Dre’s stake in Beats currently stands at somewhere around 20-25 percent. Capital gains taxes could take a bite out of his big payday, likely leaving him with a net worth in the neighborhood of $800 million.
It’s not quite enough to land on the Forbes 400, but it would easily make him hip-hop’s richest man, topping current champion Diddy by $100 million.
Beats was made by hip-hop star Dr. Dre and Jimmy lovine; currently Bets technology is available in Hewlett-Packard notebooks and selected HTC handsets.
Here’s another video showing Steve Jobs and Dr. Dre taking about the iTunes and the iPod in a video chat:
Prefer Kafka of Re/code says that this deal isn’t all that bad, but Jay Yarow from Business Insider says the deal goes against Apple’s philosophy. What’s your take? Should Apple buy Beats?
