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Apple Chases Music Streaming Revenue With $3B Beats Purchase

Apple is striking a new chord with a $3 billion acquisition of Beats Electronics, a headphone and music streaming specialist, that Apple is hoping will help it catch up in the fast-growing music streaming business. Beats co-founders Jimmy Iovine and rapper Dr. Dre will join Apple as part of the acquisition of the music streaming and audio equipment company. They should prove key in forging relationships with an industry that historically has viewed Apple with suspicion but in recent...

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