Dr. Dre Confirms Pending $3.2 Billion Deal Between Apple & Beats Electronics

Lenny Kravitz, Grace Jones, Lauryn Hill, Lion Babe, Thundercat, SZA & More Rock The Afropunk Festival 2015 in Brooklyn, NY.

Dr. Dre confirms the pending $3.2 billion deal between electronics giant Apple and streaming music and premium headphone manufacturer Beats Electronics. News of the deal hit the internet yesterday evening, sending techies and consumers into a fit of excitement at the idea of the potential acquisition which, aside from allowing Apple to monopolize the headphone market, will also make Dr. Dre hip-hop's first billionaire. Dre enlisted a raucous crew of friends - Tyrese and F. Gary Gray included - to assist with a celebratory video, confirming the rumored change in his position on Forbes' list of top earners. They marked the occasion with some c-walking footwork - a regional requisite - and a boisterous shout to the west coast - a celebratory reaction to the moment and an obvious reference to a very old rivalry as Dre officially raises the stakes. Check the footage below to watch the video from Dr. Dre. Stay tuned for more as details of the deal emerge.