Apple’s biggest acquisition ever is all the tech world can talk about, and Apple hasn’t even confirmed the news yet.
Last week it was reported that Apple has plans to acquire Beats Electronics for $3.2 billion. Shortly after the news broke, Beats co-founder and legendary producer Dr. Dre called himself the “first billionaire in hip-hop.”
Now Dre and music industry tycoon Jimmy Iovine are rumored to appear onstage at Apple’s Worldwide Developers Conference next month. What exactly the future holds for Apple and Beats remains unclear, but here are five things to know about the monumental deal: