Apple Buying Dr. Dre's Beats for $3B to Compete in Music Streaming[ Wed, 28 May 2014 22:34:20 GMT ]Apple, which revolutionized the music industry over a decade ago with the iPod, is buying headphone maker Beats Electronics for $3 billion in a deal that will help it compete in the streaming music business.The deal, the largest in Apple's history, is expected to close before the end of September.