Must Read Rumors

Kate Middleton and Prince William’s Canada tour: Canada sets etiquette rules for meeting the royals

Canada has issued a guideline for the Duke and Duchess’ visit in the country.

Kate Middleton, Prince William and children arrive in Canada for royal tour

The Duke and Duchess of Cambridge, née Kate Middleton, and their two adorable children, George and Charlotte, landed in Canada this Saturday, September 24.

Kate Middleton and Prince William’s Canada tour itinerary revealed

The Duke and Duchess of Cambridge, née Kate Middleton, and their two children have started their official Canadian tour today.

Kate Middleton voted UK’s most influential fashion icon

The Duchess of Cambridge, née Kate Middleton, is no stranger to fashion, elegance and high class.

Pippa Middleton talks fiancé, new cook food, being labeled a ‘party girl’

In a rare interview, Pippa opened up about her new book, her fiancé and the difficulties of being Duchess Kate’s sister.

Kate Middleton and Prince William’s Canada tour: Canada sets etiquette rules for meeting the royals
Kate Middleton, Prince William and children arrive in Canada for royal tour
Kate Middleton and Prince William’s Canada tour itinerary revealed
Kate Middleton voted UK’s most influential fashion icon
Pippa Middleton talks fiancé, new cook food, being labeled a ‘party girl’

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.

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