Apple Acquires Beats Music for 3 Billion

After several rumors this month, Apple and Beats Music officially confirm a buyout of the streaming music service for 3 billion.

Despite rumors that Apple was only interested in Beats Music in an effort to boost a decline in iTunes numbers, the deal includes both the hardware and the streaming software sectors of Dr. Dre's business. And it's Apple's largest purchase ever.

For a monthly subscription of $9.99, users of the service can stream music from a library of over 20 million songs.