Apple on Wednesday confirmed it's buying Beats for $3 billion, giving the electronics giant a popular headphones business and subscription streaming music.
The company said Beats co-founders Jimmy Iovine and Dr. Dre will join Apple.
"Music is such an important part of all of our lives and holds a special place within our hearts at Apple," Apple CEO Tim Cook said in a statement. "That's why we have kept investing in music and are bringing together these extraordinary teams so we can continue to create the most innovative music products and services in the world."
SOURCE:- CNET
