Apple today confirmed plans to acquire Beats Electronics, the maker of a popular line of headphones and a less-popular streaming music service. The purchase price was roughly $2.6 billion, with an additional $400 million that will vest. Beats co-founder Jimmy Iovine said in a statement that he had “always known in [his] heart that Beats belonged with Apple.” In fact, the company itself drew inspiration from Apple’s combination of culture and technology. News of the deal leaked out earlier in May. A subsequent celebratory video of Dr. Dre, posted by actor Tyrese Gibson, appeared to confirm the acquisition. Beats Music...

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