Apple to buy beats headphones for $3 billion

(CNN) – Apple is reportedly on the verge of making its biggest purchase ever.

According to Financial Times, the company is in talks to buy headphone maker beats electronics for $3.2 billion.

Beats was founded by rapper Dr. Dre and music executive Jimmy Lovine.

It also has a music streaming service.

If the deal goes through it could make Dr. Dre the first hip-hop billionaire.