With WWDC not too far away and the rumor mill still buzzing with the news that Apple may be acquiring Beats Electronics for $3.2 billion, a recent report from Billboard relays that Beats co-founders Dr. Dre and Jimmy Iovine may be introduced as new hires at Apple's upcoming developers conference.
Apple could unveil Jimmy Iovine and Dr. Dre as its latest recruits at its Worldwide Developers’ Conference in June, according to people familiar with the Beats Electronics acquisition talks.
Iovine and Dre, co-founders of Beats, are in talks to sell the company for $3.2 billion to the iPhone and iPad maker in a deal which is expected to be announced later this week.
Both are expected to join Apple in yet-to-be confirmed executive roles. One person said Iovine would likely oversee all of Apple’s music strategy and handle relationships with labels and publishers.
The news comes hot on the heels of a Wall Street Journal report claiming that both Dr. Dre and Iovine are poised to take on new senior positions within Apple, though not necessarily in a full-time capacity. If this comes to fruition, Iovine will reportedly leave his current position at Universal Music Group and report directly to Tim Cook as an advisor on all things creative.
A lot has been made of Apple's alleged $3.2 billion purchase price, particularly because it would be three times more expensive than any previous acquisition the company has ever made. Many believe that the interest in Beats has nothing to do with Beats' headphones, but rather with the company's rather new music-streaming service, which has reportedly done a decent job of converting users to paid subscribers.