Apple Inc. (AAPL): Dr. Dre seems to have confirmed the $3.2 billion Beats acquisition

Posted May 9, 2014

Yesterday, we reported that Apple Inc. (NASDAQ:AAPL) may be acquiring Beats Electronics for $3.2 billion. Beats was founded by music producers Dr. Dre and Jimmy Iovine. A video of actor/musician and Dr. Dre was uploaded on YouTube today that may have confirmed the deal.

“It?s not often you get to listen to Beats with Mr Beats himself,? said Tyrese in the beginning of the video. “Billionaire boys club for real, homey? The Forbes list just changed?”

“In a big way,” chimed in Dr. Dre. “The first billionaire in hip hop, right here on the (bleep) West Coast!”

Tyrese, a West Coast native himself, starts to dance after that and then the video fades out. There you have it. It sounds like the deal is pretty much finalized.