Beats co-founder: Company 'belongs with Apple'

One of the co-founders of Beats Electronics has said he has "always known in my heart that Beats belonged with Apple".

Jimmy Iovine's comments come after Apple's $3bn (£1.78bn) acquisition of the headphones manufacturer.

The idea when we started the company was inspired by Apple's unmatched ability to marry culture and technology. Apple's deep commitment to music fans, artists, songwriters and the music industry is something special.

– Beats Electronics co-founder Jimmy Iovine

The media mogul co-founded Beat Electronics in 2008 with US rapper and producer Dr Dre, who after the deal with Apple reportedly called himself the "first billionaire in hip hop".

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Apple buys Dr Dre's Beats Electronics for $3 billion

Apple will make the most expensive acquisition in its history, after confirming a deal to buy Dr Dre's Beats Electronics for $3bn (£1.78 billion).