This has been an interesting month, to say the least. Last week, rumors spread like wildfire that Apple was in the market to buy Beats Electronics, including the hardware and software departments, for the bargain price of $3.2 billion. Yes, billion. Hours after the rumor started, Beats co-founder Andre Young (Dr. Dre) was seen celebrating becoming “the first billionaire in hip-hop” with actor Tyrese Gibson on YouTube.
Nothing official has been announced, but the rumor is strong enough that it has since spawned a number of predictions from the tech community, including one from former Apple CEO Steve Jobs’ biographer, Walter Isaacson.
Isaacson told Billboard Magazine that believes that Apple hopes to place Beats co-founder Jimmy Iovine in charge of the company’s content business to shake hands with media moguls in the music and television industries.