Must Read Rumors

Kate Middleton and Prince William co-host BBC Radio 1 chart show

The royal spouses gave an interview to the BBC Radio 1 station, in which they revealed how their daily lives go by behind the doors of the Kensington Palace.

Kate Middleton, Prince William and Prince Harry share candid conversation about their struggles in new video

A short video shows the three royals opening up about their personal histories regarding mental health.

Kate Middleton proud of “brilliant” Prince Harry after opening up about Princess Diana’s death

Prince Harry’s confession about suffering after his mother’s death moved not only his audience, but his sister-in-law as well.

Kate Middleton admits motherhood can be “lonely”

Duchess Kate recently talked about the challenges faced by mothers.

Meghan Markle shuts down lifestyle blog The Tig

Prince Harry’s girlfriend announced on Friday that she finally pulled the plug on her lifestyle blog The Tig.

Kate Middleton and Prince William co-host BBC Radio 1 chart show
Kate Middleton, Prince William and Prince Harry share candid conversation about their struggles in new video
Kate Middleton proud of “brilliant” Prince Harry after opening up about Princess Diana’s death
Kate Middleton admits motherhood can be “lonely”
Meghan Markle shuts down lifestyle blog The Tig

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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