By Alexei Oreskovic RANCHO PALOS VERDES Calif. (Reuters) – Apple Incs newest high-profile hire isnt sure he has a job title and wont commit to working full-time at its home base, but the iPhone maker is banking on Beats co-founder Jimmy Iovine to steer it through a changing music business. The recording industry veteran is […]
By Christina Farr SAN FRANCISCO (Reuters) – Apple Inc will buy Beats for about $3 billion and bring recording mogul Jimmy Iovine into its ranks, hoping to win points with the music industry and help it catch up in fast-growing music streaming. As expected, Beats co-founders Iovine and rapper Dr. Dre will join Apple as […]
CUPERTINO, Calif. (AP) — Apple is buying more flair, swagger and song-picking savvy with its $3 billion acquisition of Beats Electronics, a headphone and music streaming specialist founded by rapper Dr. Dre and Jimmy Iovine, one of the first recording executives to roll with the hip-hop culture.
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