Apple today announced it has agreed to acquire the subscription streaming music service Beats Music, and Beats Electronics, which makes the popular Beats headphones, speakers and audio software. As part of the acquisition, Beats co-founders Jimmy Iovine and Dr. Dre will join Apple. Apple is acquiring the two companies for a total of $3 billion USD, consisting of a purchase price of approximately $2.6 billion USD and approximately $400 million USD that will vest over time. Apple expects the transaction to close in fiscal Q4.
According to reports, theLos Angeles Department of Children And Family Services are investigating the Will and Jada Smith because of a recent photo on Instagram showing Willow Smith in bed with a 20-year-old man.
Jay Z, Beyoncé, and Solange have made the following public statement after the release of the footage from the Met Gala after party:
“As a result of the public release of the elevator security footage from Monday, May 5th, there has been a great deal of speculation about what triggered the unfortunate incident. But the most important thing is that our family has worked through it,” “Jay and Solange each assume their share of responsibility for what has occurred. They both acknowledge their role in this private matter that has played out in the public. They both have apologized to each other and we have moved forward as a united family.”
“The reports of Solange being intoxicated or displaying erratic behavior throughout that evening are simply false,” the statement continued. “At the end of the day families have problems and we’re no different. We love each other and above all we are family. We’ve put this behind us and hope everyone else will do the same.”