Apple Inc. (AAPL) On Its Own Holiday Shopping Spree?

Apple Inc. (AAPL)Apple Inc. (NASDAQ:AAPL) apparently has a very good first-hand understanding of holiday shopping, because it seems now that the company is using some of its vast stash of cash to acquire some businesses. We reported here Tuesday about Apple Inc. (NASDAQ:AAPL) finalizing a deal initiated last month to buy HTML5 developer Particle, and now Apple Inc. (NASDAQ:AAPL) seems to be in serious discussions to buy a company that might otherwise close its doors.

Color Labs, a photo- and video-sharing social network company which has had a relationship with the Apple Inc. (NASDAQ:AAPL) iOS and the Google Inc. (NASDAQ:GOOG) Android operating systems, is apparently on its way to closing unless CEO Bill Nguyen can close a deal with Apple Inc. (NASDAQ:AAPL). The $40-million company seems to be considering a deal that would be in the “high double-digit” millions, which would cover the value of the company and give all investors a decent return on their investments.

It seems that Apple Inc. (NASDAQ:AAPL) might be more interested in the patent and patent-pending portfolio of Color Labs than keeping the company running. Color Labs has some patents having to do with recording HD video, GPS location (maybe for an improved mapping application?) and technology for saving battery life (battery life has been an issue with the iPhone 5).

Color Labs founder Nguyen and the board of directors have been at a loggerheads lately, but Nguyen is known to have shown the Color Labs technology with Apple Inc. (NASDAQ:AAPL) executives, including Eddy Cue, head of internet software and services. Color Labs has had some visibility with its free Color app both for iOs and Android, and apparently recently was demonstrating a broadcasting app that hadn’t been released yet.

As the discussions are in the early stages, there is little chatter coming directly from Color Labs or Apple Inc. (NASDAQ:AAPL). However, if this deal goes through, it will be interesting for observers and investors of Apple Inc. (NASDAQ:AAPL) stock – like billionaire fund manager David Einhorn of Greenlight Capital – to see whether Color Labs will continue to exist and be a native iOS app developer or will it be scalped for its patent portfolio.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!