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Apple buys Beats for $3 billion: all the news on the not-so secret acquisition

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Beats Electronics, founded by rapper and producer Dr. Dre and record label executive Jimmy Iovine, dominates the high-end headphone market and operates a less successful streaming music service. And as of May 28th, 2014, it became Apple's biggest acquisition to date. There's already been plenty of speculation about what this means for Beats, Apple, and the original wearables category: headphones, but what exactly Apple has planned for its expensive new audio subsidiary is still a mystery. Follow here for the latest on the Beats by Apple era.