Ahead of the weekend, news emerged suggesting that Apple is close to sealing the deal on its largest acquisition in company history.
CNBC reports that Apple may plunk down $3.2 billion to acquire Beats Electronics, the headphones maker and music streaming operator.
If all goes as planned, Apple may have two new executives to introduce to the stage next month when its annual developers conference kicks off on June 2nd. Beats creators Jimmy Iovine and Dr. Dre are the two gentlemen to whom the rumors allude. And it doesn't sound like these two will have a nominal role either. In fact, their important work could be very consequential in the years ahead.
Both are expected to join Apple in yet-to-be confirmed executive roles. One person said Iovine would likely oversee all of Apple’s music strategy and handle relationships with labels and publishers.