Dr. Dre's proclamation that he's about to be the first billionaire in hip hop may have been just a little premature because it looks like Apple won't finalize the deal to buy Beats until some time next week. Rumors claim a deal is happening, and Dr. Dre backed that up in a video at a party.
Apple and Beats are expected to wrap up their acquisition deal next week
The rumored deal will set Apple back US$3.2 billion and will give the iPhone and iPad maker control over Beats' headphones, the Beats Music streaming service, and will also reportedly include music producer and Beats executive Jimmy Iovine.
Apple hasn't commented on the deal, and if it really does come together, will make for the biggest acquisition the company has made so far.
Paying $3.2 billion for Beats seems like an expensive deal. Considering how tight Apple usually is with money, however, there must be something in the purchase that's worth such a high price tag.
[Thanks to Re/code for the heads up]