Dr. Dre Might Become a Headphone Billionaire if Apples Buys out Beats

Well I remember buying his album when I was in high school. It looks like he will be very rich very soon once Apple is done spending the cash.

Apple Inc is close to buying headphone maker Beats Electronics for $3.2 billion, the Financial Times reported.

The purchase of Beats, which also runs a streaming music service, would be Apple's largest ever acquisition, the newspaper reported. It said the deal could be announced as early as next week. (http://r.reuters.com/cap77v)

Founded by rapper Dr. Dre and music producer Jimmy Iovine, Beats Electronics primarily produces products under the brand "Beats by Dr. Dre" and competes with headphones made by Skullcandy Inc, Sennheiser Electronic and Bose Corp.

It is a bit of a strange acquisition but maybe this the tip of the iceberg of Apple throwing its cash hoard around. I have a feeling that they might be buying Netflix or a game changer like that soon.