Did Apple really buy a video-sharing app, its small collection of patents, and other assets?
Not quite, according to a new report.
Citing sources, All Things Digital says Apple instead picked up "about 20" of the startup's engineering types, who will work on cloud-based projects for Apple, while the remainder of Color is "wound down."
The price on the deal was said to be in the $2 million to $5 million range, the report adds, well short of the $41 million in funding the company got before it launched.
News about Apple's interest in … Read more