Apple has acquired Prss, a Dutch company that lets users easily create magazines for iPad and iPhone by way of a simple drag-and-drop interface, for selling in Apple’s Newsstand and other services like Kiosk.
An inside source first reported the acquisition, before Apple confirmed it. Company co-founder Michel Elings recently moved to the Bay Area, alongside other members of the Prss team — indicating that a deal might have been made over the summer.
Prss’s service shut down in July, and has not been active since then.
Apple is in talks to buy Swell, a startup described as “Pandora for talk radio,” according to several sources.
Swell’s service compiles different podcasts and sorts them into personalized streams, thereby acting as a sort-of podcast recommendation system. The deal would reportedly set Apple back a cool $30 million.
Reports of Apple’s pending Beats Electronics acquisition has left the vast majority of us scratching our heads, but if you thought this was just another spurious claim from anonymous supply chain blabbermouths, you can think again. Not only did the story come from reputable sources, but it has been all but confirmed by Dr. Dre himself.
In the short video below, a drunk Dre proclaims himself “the first billionaire in hip-hop” as he celebrates with friends.
Intel has reportedly acquired wristwatch health tracking company Basis Science for between $100 – $150 million.
Basis — which was allegedly shopping itself around to potential buyers including Apple, Google, and Microsoft — currently occupies around 7% of the market with its Basis Health Tracker Watch, versus competitor Jawbone’s 21%.
Former Apple CEO John Sculley has confirmed that he and a group of investors were lining up a bid for BlackBerry, but they waited too long and lost out. In an interview on Bloomberg Surveillance, Sculley reveals how he was surprised when the struggling smartphone maker announced a $1 billion investment deal earlier this week.
Apple may not be snapping up big companies all over the place like Yahoo!, but it is buying lots of shares in one major corporation — itself. Last quarter, the Cupertino company spent $16 billion on 36 million of its own shares, which cost, on average, just over $444 apiece.
Hutchison Whampoa, owner of Three U.K., has today acquired O2 Ireland in a deal worth €850 million ($1.1 billion). Telefonica, O2’s parent company, believes the move will “create a new competitive dynamic in the Irish market,” which Three can now claim 37.5% of with 2 million active subscribers.
Zynga has reportedly closed down Draw Something studio OMGPOP and laid off all of its staff just 14 months after it was acquired in a $180 million deal. OMGPOP released its Draw Something sequel back in April, but it appears it wasn’t the success the company hoped it would be.