As MMW first reported late last week, Apple is close to sealing the deal on its largest acquisition in company history.
Apple wants to move forward with an estimated $3.2 billion acquisition of Beats Electronics, an iconic headphone maker and music streaming operator.
The company, which was founded by music producer Jimmy Iovine and recording superstar Dr. Dre, has reportedly been on Apple’s radar for an extended period of time. But only in recent weeks have acquisition talks intensified.
If sources in-the-know are proven correct, Apple will likely welcome two new executives to the company next month when its annual developers conference, WWDC 2014, kicks off on June 2nd. Beats creators Jimmy Iovine and Dr. Dre are expected to occupy high-level executive roles at the iDevice maker.
“Both are expected to join Apple in yet-to-be confirmed executive roles,” Billboard reports. “One person said Iovine would likely oversee all of Apple’s music strategy and handle relationships with labels and publishers.”
Dr. Dre, however, has long enjoyed a healthy relationship with Apple. Dr. Dre even appeaed via live video link at an Apple event ten years ago to congratulate Apple CEO Steve Jobs on the launch of Apple’s iPod and the iTunes store.