Dr. Dre Sells 51 Percent of Company for $309 Million

Dr. Dre may not have a release date for his new disc, but he is taking care of business with his audio company Beats Electronic (BE). The company, created with Universal Music’s Interscope Records Chairman Jimmy Iovine, is responsible for launching celebrity-endorsed headphones like Justin Beiber’s Justbeats, Lady Gaga’s Heartbeats, and Dre’s own Powerbeats.