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 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

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!