The Traderszone Network

Published in TZ Latest News 12 May, 2014 by The TZ Newswire Staff

Apple’s Beats deal driven by ties with Jimmy Iovine

When news spread last week that Apple Inc. (AAPL) was near an acquisition of Beats Electronics LLC for $3.2 billion, Beats co-founder Dr. Dre appeared in a video boasting of becoming the \”first billionaire in hip hop.\” Apple executives, by contrast, were characteristically silent. Beats executives are known to throw lavish parties and have musicians traipsing through at all hours, while Apple is an engineering haven for coders and designers.

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