Jimmy Iovine

Apple is reportedly in talks to buy red-hot headphone maker and streaming-music pioneer Beats Electronics. If the deal happens, it would be Apple's biggest ever. The Financial Times and other outlets on Thursday quoted unnamed sources saying Apple would pay $3.2 billion for the Santa Monica, Calif.-based company founded by legendary music producer Jimmy Iovine and hip-hop star Dr. Dre. Described in the Financial Times only as "people familiar with the negotiations," the sources said the deal could be wrapped up as early as next week, though they warned that negotiations could still falter.