Apple announced on Wednesday that it has acquired streaming music service Beats Music and Beats Electronics, makers of Beats headphones, speakers and audio software. As part of the deal, Beats co-founders Jimmy Iovine and Dr. will join Apple in a non-specified executive roles. Apple is acquiring both companies for a total of $3 billion - $2.6 billion now and approximately $400 million that will vest over time. From the statement: "Music is such an important part of all of our lives and holds a special place within our hearts at Apple,” said Tim Cook, Apple’s CEO. “That’s why we...

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