Dr. Dre - page 3

Dr. Dre has been busy celebrating the Beats acquisition with fountains of Hennessy but the world’s favorite hip-hop producer isn’t the only musician who stands to make a fortune off Apple’s big purchase.

Enter William Adams. You probably know him by his stage name, Will.i.am of the Black Eyed Peas. He’s been pimping the Beats brand since day one and for his loyalty he’s been blessed with founding shares in the company that stand to make him more money than he ever saw from his Grammy-winning song, “I Gotta Feeling.”

Apple’s much-discussed acquisition of Beats Electronics might not be finalised until next week, according to “people familiar with the transaction.”

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:

If you’ve read Walter Isaacson’s Steve Jobs biography, you possibly know the name Ronald Wayne. That’s the investor who dropped out of Apple 12 days into its existence as a company — losing around $35 billion after selling his shares for just $800.

In the wake of a reported deal with Beats, we have a repeat of that story — courtesy of the one key party that won’t see a scratch from the rumored $3.2 billion acquisition.

Although Iovine and Dre get all the credit for Beats, it was Monster CEOs Noel and Kevin Lee who designed and developed the world’s very first pair of Beats headphones, and did the engineering and technology distribution for the company’s first five years.

Both Jimmy Iovine and Dr. Dre will take senior positions at Apple as part of the Beats Electronics deal, according to people close to the matter.

While neither would move to Cupertino, they would reportedly commute to Silicon Valley (or wherever is needed) from Los Angeles. Although it’s currently unknown what role Iovine and Dre would fulfill at Apple, it is thought that Iovine might become a “special adviser” to Tim Cook on creative projects. Dre was recently seen celebrating becoming “the first billionaire in hip-hop.”

So who are these two possible new members of the Apple brain trust, and what would they bring to the table?

Reports of Apple’s pending Beats Electronics acquisition has left the vast majority of us scratching our heads, but if you thought this was just another spurious claim from anonymous supply chain blabbermouths, you can think again. Not only did the story come from reputable sources, but it has been all but confirmed by Dr. Dre himself.

In the short video below, a drunk Dre proclaims himself “the first billionaire in hip-hop” as he celebrates with friends.

Apple is reportedly gearing up to buy Beats Electronics, the headphone manufacturer co-founded by Dr. Dre and music producer Jimmy Iovine that has also spun off a streaming-music service.

The deal could cost $3.2 billion, according to The Financial Times, and would give Apple full control of the brand that’s made gigantic flashy headphones the trendiest thing to hit kids’ heads since backward baseball caps.

Does this mean Dr. Dre is about to become the newest Apple employee?

Between iTunes Radio, Pandora, Spotify, and Rdio, do you feel as if you don’t have enough options for streaming music? Well, good news: Beats Music — the new streaming service previously known as “Project Daisy” by the most overrated headphone manufacturer out there — will reportedly launch on January 21st.

A TSA agent caught stealing iPads and numerous other electronic devices was arrested this week following a sting operation at New York City’s John F. Kennedy Airport. Sean Henry, 32, joins the growing list of TSA workers who have been accused of stealing from passengers as they pass through airport checkpoints across the United States.