According to a recent report by The Next Web, Apple is in the process of acquiring video streaming startup Color Labs. Color Labs raised around $41 million in financing before they launched last year.

Color Labs, makers of the photo sharing app Color, which made a lot of noise last year when it attracted $41 million of pre-launch funding, is reportedly being snapped up by Apple. The iPhone maker ...

Startup was reportedly the target of an acqui-hire by Apple, which was supposedly more interested in the company's employees rather than its technology. Steven Musil is a senior news editor at CNET ...

Late yesterday, The Next Web reported that Apple was finalizing a deal to acquire Color Labs, the video streaming service and app founded by Lala Media veteran Bill Nguyen. The report came at the end ...