According to reports, Young is not expecting anything from his father once the deal is finalized.
“Dr. Dre’s son is celebrating his dad’s multi-billion dollar Apple deal — but adds he hasn’t seem a DIME of Dre’s fortune, doesn’t expect to even now … and he’s not the least bit bitter. We caught up with rapper Curtis Young — Dre’s spitting image and firstborn — living the most NON-baller lifestyle possible: outside Ontario airport (1 hour east of L.A.), about to board a commercial flight to Mexico … with a coach ticket! He says Dre hasn’t hooked him up with a steady cash flow since the Beats to Apple deal was announced … and he explains why he’s fine with that.” (TMZ)
Information on the billion dollar deal surfaced a few weeks ago.
“According to the Financial Times, Apple is closing in on an acquisition of Beats, the headphone manufacturer turned streaming music service. The $3.2 billion deal would give Apple control over a powerful brand, but at the same time, it would be puzzling and uncharacteristic of Apple. The FT points out it would be Apple’s biggest acquisition ever.”
“The deal could reportedly close as early as next week. It wouldn’t be the first time Apple bought up a music startup, but unlike other acquisitions in which Apple takes the talent and incorporates it into Apple products, Beats is a powerful force of its own right. Perhaps the deal has less to do with streaming music and hardware, and more to do with Topspin Media, the Beats-owned e-commerce and marketing platform. Of course, this is only a rumor. And a crazy one at that.” (Financial Times)
Check out Curtis Young’s interview below: