Last week a rumor was making the rounds with sources claiming that Apple’s Jimmy Iovine was leaving the company. According to those rumors, Iovine’s departure was timed to coincide with his stock options vesting — a deal that is tipped to be worth $700 million to Iovine and Dr. Dre for their sale of Beats to Apple years back.

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Source: Hot Hardware – Jimmy Iovine Issue Late Denial To Rumors Suggesting He Is Leaving Apple