Apple will make the most expensive acquisition in its history, after confirming a deal to buy Dr Dre's Beats Electronics for $3bn (£1.78bn).
The luxury headphone brand and its music streaming service was co-founded by music mogul Jimmy Iovine and US rapper and producer Dr Dre, who called himself the "first billionaire in hip hop".
Technology giant Apple is stumping up the huge price tag, by far the highest it has ever paid in a takeover, to counter a threat posed to its iTunes store.
The announcement comes three weeks after deal negotiations were leaked to the media.
More top news
Britain is to withdraw engagement with Myanmar's military until the campaign of violence against the Muslim Rohingya minority is ended.
Highways England are looking to put a stop to lazy drivers who don't bother to bin their rubbish.
Boris Johnson will not resign as Foreign Secretary, he insists - despite the fallout surrounding his Brexit intervention.