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Beats Electronics

(credit: Neilson Barnard/Getty Images)

Report: Apple On Verge Of Buying Beats For $3.2B

Apple is orchestrating a $3.2 billion acquisition of Beats Electronics, the headphone maker and music streaming distributor founded by hip-hop star Dr. Dre and record producer Jimmy Iovine, according to a published report.

CBS2 / KCAL9–05/08/2014

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