Apple to acquire streaming video Color Labs


Color Labs

Apple could be close to completing a takeover of Color Labs, a social photo and video network. The company was founded by Bill Nguyen, known for the music streaming website Lala, who in 2009 was acquired by Apple. If the information TheNextWeb prove to be correct then this is already the second company that Apple has taken over the past two months, yesterday became known that Apple’s acquisition of Particle; an organization that focuses on HTML5 building – final month has been achieved.

The site additionally has a free iOS and Android software, however regardless of Shade Labs moderately a hit, acquired Ngyen a battle with the board as a result of there have been rumors that the $ forty one million buck begin up speedy its doorways would shut, one thing later no longer proved to be authentic.

Nguyen would have gedemonstreet Shade Labs know-how to Apple’s Eddy Cue, however extra information has now not regarded seeing that then. It subsequently appears that Apple is extra within the patents of Shade Labs as an alternative of the purposes that use the know-how. The patents of the corporate embody a file layout for HD video and 6 patents within the space of social content material sharing, GPS areas and completely different technique to retailer energy.

It’s glaring that Apple’s patents instantly in iOS is to be put in, as a substitute of maintaining a separate software with these choices will unlock. In the past it built-in all Fb and Twitter in iOS, so customers can share content material immediately with out these purposes must first be began. The percentage images and movies, because of the know-how of Shade Labs on the identical method integration, which once more appears to wish to take farewell of favourite Google products and services: YouTube.

Even if the acquisition has now not but been proven, Apple could be many 1,000,000 in situation to make sure the acquisition of Colour Labs. It could be sufficient for buyers to purchase and to present yield on their funding

Follow us on Twitter, subscribe to our Facebook Page, find us on LinkedIn