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Apple to buy Beats Headphones for $3 billion

Apple is reportedly on the verge of making its biggest purchase ever. According to Financial Times, the company is in talks to buy headphone maker Beats Electronics for $3.2 billion.

Beats was founded by rapper Dr. Dre and music executive Jimmy Lovine. It also has a music streaming service. If the deal goes through it would make Dr. Dre the first hip-hop billionaire.