Earlier today, news broke that Apple is considering the acquisition of Beats for $3.2 billion. The Post says it's confirmed these reports.
Iovine’s contract with UMG runs until the end of 2014. If Iovine goes to Apple, he’d join the likes of Angela Ahrendts, the former Burberry executive who signed on at the Cupertino, Calif., company a month ago to run its retail division. If the sale of Beats Electronics is concluded, it will wind up benefiting UMG, which has a stake in Beats said to be worth around $400 million.
Apple declined to comment on the report.