Must Read Rumors

Kate Middleton coloring hobby revealed by Prince William

Prince William made a lovely revelation about his wife’s favorite hobby.

Kate Middleton reportedly delighted about Prince Harry’s relationship with Meghan Markle

The Duchess of Cambridge, née Kate Middleton, is said to be happy that her brother-in-law has found love.

Kate Middleton comforts mother of autistic teen at Place2Be charity event

The Duchess of Cambridge consoled an emotional mother whose son was diagnosed with autism.

Kate Middleton reveals Prince George loves dinosaurs and Princess Charlotte is ‘chatty’

During a visit to London’s Natural History Museum, Duchess Kate confided about her children’s tastes and personalities.

Kate Middleton is ‘an amazing mother and a fantastic wife,’ Prince William says

Known to be quite discreet about his private life, Prince William has lifted the veil on his family life in an interview with Talk Vietnam.

Kate Middleton coloring hobby revealed by Prince William
Kate Middleton reportedly delighted about Prince Harry’s relationship with Meghan Markle
Kate Middleton comforts mother of autistic teen at Place2Be charity event
Kate Middleton reveals Prince George loves dinosaurs and Princess Charlotte is ‘chatty’
Kate Middleton is ‘an amazing mother and a fantastic wife,’ Prince William says

Apple to acquire photo sharing startup Color Labs

by Nicole
October 19, 2012 at 3:31 pm

Cupertino is rumored to be planning to buy photo and video sharing social network Color Labs.

Photo: Color Labs

With Color Labs, a multimedia sharing startup, users can create groups and within those groups, anyone who is within a certain location, can automatically add photos and videos.

Founded in 2011 by Bill Nguyen and Peter Pham, Color Labs raised $41 million from Sequoia Capital and Bain Capital Ventures before its launch.

A report from VentureBeat claimed that the company leaders had “voted to wind down the company”, but Color released statement saying that it was not in the process of shutting down.

The Next Web reports that Apple bought the struggling startup for a price tag in the “high double digits.”

Regarding Apple’s interest in buying Color, the site writes:

“As to why they’d want Color Labs? We would look to Color’s patents, which may include ones for a file format that they were working on to record HD video. Or it’s software engineering team, if Apple was impressed by their work.”

However, an AllThingsD report yesterday stated that Apple did buy Color for its engineering talent and not actual intellectual property.

“Apple is not buying Color’s technology, intellectual property, domain names or liabilities. Those are being left with the company, which still has considerable cash in the bank — something like $25 million — and is going to be wound down,” the site wrote.

Filled under: ,

What do you think? What is your gossip?

The rules: Keep it clean, stay on the subject and use English only - or we may delete your comment. If you see inappropriate language email us. Read our Terms and Conditions