I”t made sense for Apple to buy Lala in December of 2009. Lala.com was shut down in May of 2010, and Apple has since introduced products like iTunes Match,” Heath reports. “When Lala was bought, we all knew that Apple had paid around $80 million for the small startup. Now the inside story of how the deal was reached over dinner at Steve Jobs’s house has surfaced.”
Read more in the full article here.
[Thanks to MacDailyNews Readers "Fred Mertz" and "Lynn Weiler" for the heads up.]
What’s really going on with Color: Apple acquires engineering talent, not the company – October 18, 2012
Apple acquires Lala Media – WSJ, NY Times – December 5, 2009