HipHop Republican Tv

The Official HipHop Republican Internet Television Channel

Dr. Dre and Apple 3.2 Billion Dollar Wearable Acquisition

West-Coast Rap Master Andre Romelle Young, known as Dr. Dre, record producer, rapper and entrepreneur will be hip-hop's first billionaire! Apple and Beats Electronics are making history, Apple is reportedly closing a deal to buy headphone manufacturer Beats Electronics for 3.2 billion dollars. It would make Apple's California based company largest ever acquisition. Dr. Dre is presently worth 550 million dollars. Dr. Dre and his partner Jimmy Lovine created the wearable headset Beats Electronics in 2008. They made headphones fashionable by wearing them while spinning the rap songs added with street smarts. In 2012, 50.1% of the company cost HTC $309 million and in September 2013 a $500 million investment from Carlyle valued the company at more than $1 billion.   

 Apple was attracted to Beats Electronics because of the recently launched a streaming music service with the popularity of iTunes service appears to be falling in Apples iStore. In contrast, yet the subscription services seem to be growing fast.  Having revenues increasing by 50% to $1.1bn in 2013, this reported by global music industry association IFPI. Downloads, however, fell 2% to $3.93 billion. Share holders my want to pay attend to that. Dr.Dre present stake in Beats is thought to be somewhere between 20 and 25%. The acquisition merger estimated value is worth 800 million dollars. Placing him ahead of East-Coast rappers Diddy and Jay Z and on the path to becoming the first billionaire inter-city rapper.

Views: 69

Comment

You need to be a member of HipHop Republican Tv to add comments!

Join HipHop Republican Tv

HHR Presents: URBAN GAME CHANGER

Mehmet Oz pops up aboard Turkish Airlines flight with tips on healthy traveling

ISTANBUL, Turkey — Dr. Mehmet Oz made a surprise appearance aboard a Turkish Airlines flight bound for New York from Istanbul this week to tape a segment about a topic many of us know all too well: The vexing discomforts of long-haul flying.

The famed cardiothoracic surgeon and Columbia University ...

Charlie Gard and the death of humanity

Charlie Gard will die.

The critically ill infant, who has been the center of an international fight to save his life, has now been condemned to death by the government of the United Kingdom.

On Monday, his parents gave up their fight to take the infant to the United States ...

Religion in Trump's America

Religion and politics are a dangerous combination; at worst, it can be deadly. But even under the best circumstances, when government power gets too close with religion, the result is corrosive to both.

What is the Trump administration's relationship with organized religion? The White House sends mixed signals. On the ...

Section 702 Surveillance Authority: No Extension Unless the Fourth Amendment Honored

Section 702 of the Foreign Intelligence Surveillance Act Amendments of 2008 (FAA) authorizes the government to seize and search the international communications of American citizens without probable cause or warrants in violation of the Fourth Amendment. It should not be extended beyond its current expiration date of December 31, 2017 ...

© 2017   Created by Pax Stereo.   Powered by

Badges  |  Report an Issue  |  Terms of Service