Apple in Talks With Dr. Dre For $3.2 Billion Beats Deal

(Radio.com) Dr. Dre is closing in on bona-fide billionaire status. The Financial Times (via The Washington Post) reports that Apple's purchase of Beats Electronics is "imminent." The price tag? $3.2 billion; Dre and his partner, Interscope Records head Jimmy Iovine will share about $1.3 billion from the sale, if it goes through.

This bit of news surfaced in a somewhat unconventional manner, via a video that Tyrese Gibson posted to Facebook on Thursday (May 8). The post has since been taken down, but a few versions are still on YouTube.

"Oh, s***, the Forbes list just changed!" he announces, with a clearly happy Dr. Dre behind him. "It came out two weeks ago, they need to update the Forbes list, s*** just changed!"

"In a big way!" Dre adds. "The first billionaire in hip-hop, right here from the motherf*****' west coast!" more on this story

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Copyright Radio.com/CBS Local - Excerpted here with permission.

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