Apple agrees to buy Beats headphone maker for $3bn
29 May 2014 Last updated at 11:33 BST
Apple has confirmed it will buy headphone maker and music-streaming service provider Beats Electronics.
The deal is worth a total of $3bn (£1.8bn), and is thought to be Apple's largest acquisition to date.
As part of the acquisition, Beats co-founders Jimmy Iovine and Dr Dre will join the technology firm.
In a video posted online, Dr Dre is shown celebrating the deal before it was even done, as Michelle Fleury reports.