“This deal was buzzed about a lot in the press, but to date neither company has provided on the record confirmation — this was a central point in the suit, since former Color employee Adam Witherspoon claims he was intentionally left out from the move to Apple,” Taylor reports.
Taylor reports, “TechCrunch has confirmed with sources involved that the Apple deal did indeed go through, and the price paid in all was $7 million.”
Read more in the full article here.
What’s really going on with Color: Apple acquires engineering talent, not the company – October 18, 2012
Apple acquires Color Labs, sources say – October 18, 2012