Apple Bought Color.com Company Last Month For $7 Million

[silentg]

http://techcrunch.com/2012/11/19/sources-apple-paid-7-million-for-color-labs/
http://thenextweb.com/apple/2012/11/19/color-inc-lawsuit-confirms-key-assets-being-sold-to-apple/

 

[Gerry]

WOW! That is a crazy story! The company had received 41mil and funding and now sold for $7mil? Looks like several lawsuits going on from one of the stories.

 

[Raider]

Did they buy .mobi so they can have a mobile compliant web site?

 

[Theo]

did they buy .mobi so they can have a mobile compliant web site?

(space filler)

 

[Theo]

As a sidenote, they also own colour.com

 

[Gerry]

http://color.mobi/

 

[Gerry]

As a sidenote, they also own colour.com

Brilliant!

 

[airmax]

They wanted a domain of mine which was very in line with what they did, the hype machine was in full swing at that time, we conversated via email, I did my homework, he has flipped 3-4 companies, his last company sold to apple as well. They had a talented team including linkedins previous chief architect, and lots of cash. I am sure they secured some nice options, and a open checkbook, and apple got some talent, and possibly some new IP for some future applications.

 

[Gerry]

They wanted a domain of mine which was very in line with what they did, the hype machine was in full swing at that time, we conversated via email, I did my homework, he has flipped 3-4 companies, his last company sold to apple as well. They had a talented team including linkedins previous chief architect, and lots of cash. I am sure they secured some nice options, and a open checkbook, and apple got some talent, and possibly some new IP for some future applications.

Reading the links, I am not sure it is a done deal. Seems like an awful lot of infighting going on. Lawsuits have been filed. Plus, it looks like there will be more based on the amount of cash pumped into their organization ($41 mil) and a rather quick sale of $7mil. I am sure investors will want to know what the heck is going on. One of the investors was Bain Capital. Gee, I wonder where I have heard that name before.

 

[airmax]

Nguyen sold Onebox for $850 million in 2000

 

[Gerry]

Nguyen sold Onebox for $850 million in 2000

and LaLa to apple for $80 million. Looks like he has a good (and profitable) love affair with Apple.