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: 70

Comment

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

Join HipHop Republican Tv

HHR Presents: URBAN GAME CHANGER

TRAVEL: Budapest: Middle Europe's 'Little Paris'

ANALYSIS/OPINION:

Budapest, Hungary at a glance: Start with coffee in Gerbeaud, the city’s most famous café. Then ride the old preserved trolley line built in 1894 to the Szechenyi Baths and spend several hours indulging in bathing, sauna, massage and other treatments in imperial surroundings. The Szechenyi Baths are the ...

EPA favors ethanol, imported biofuel diesel

ANALYSIS/OPINION:

Former German Prime Minister Konrad Adenauer was right:  “In view of the fact that God limited the intelligence of man, it seems unfair that he did not also limit his stupidity.”

The U.S. Environmental Protection Agency’s obtuse favoritism of ethanol or biofuel diesel imports over exports in administering the Renewal Fuel Standard (RFS) is illustrative.

Breast cancer death rates decline

ANALYSIS/OPINION:

The American Cancer Society reported earlier this month that breast cancer death rates declined almost 40 percent between 1989 and 2015 – averting an estimated 322,600 deaths. The reduction is attributed to screening and early detection by self-exams, mammography and improvements in treatments over the recent decades.

Iryna Savytskaya case deserves the attention of feminists, globe

We hear a great deal these days about women and their struggles.

Mogul Harvey Weinstein has brought the issue of sexual abuse and intimidation in the workplace and in Hollywood to the forefront. Former Secretary of State Hillary Clinton's famous crusade against the "war on women" gave the Democrats a ...

© 2017   Created by Pax Stereo.   Powered by

Badges  |  Report an Issue  |  Terms of Service