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Dictaphone on display in a museum. Dictaphone was an American company founded by Alexander Graham Bell that produced dictation machines. It is now a division of Nuance Communications based in Burlington, Massachusetts. Although the name Dictaphone is a trademark, it has become genericized as a means to refer to any dictation machine.
After weeks of rumor, Apple finally announced it has acquired headphone maker Beats Electronic for $3 billion, including $2.6 billion cash up front and approximately $400 million in stock that will vest over time. As part of the deal, Beats co-founders Dr. Dre and Jimmy Iovine will join Apple in undisclosed roles.