May 28, 2014: Apple Music Acquires Beats
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2014 – Rumors flew high on this one, so when it happened, many people were not surprised. Apple announced they were going to acquire Beats Music and Electronics in a $3 billion deal. As part of the acquisition, co-founders Dr. Dre and Jimmy Iovine would join Apple.
Beats subscription service would continue to work as part of the service would be integrated with iTunes. Currently, Beats has a 20 million song library, and is available for iOS, Android, and Windows Phone for a $9.99 subscription.
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