Apple buying Color's engineers -- not tech, report says

Apple buying Color's engineers -- not tech, report says Did Apple really get yourself a new video-sharing app, its small variety of patents, nexus 4 case besides other assets?

Not quite, based on completely new report.

Citing sources, All Things nexus 4 wallet case Digital says Apple instead used "about 20" of your startup's engineering types, who can build up cloud-based projects for Apple, with regards to remainder of Color is "wound down."

The price in the deal was reportedly inside the $2 million to $5 million range, the report adds, well in immediate need of the $41 million in funding this agency got before it launched.

News about Apple's a fixation with Color was reported last week because of the Next Web. The report suggested that Apple would certainly be excited about several of the company's patents, that would match, even extend companyname's mailing address media sharing tools.

The engineering pickup, which Apple hasn't confirmed, comes days after CNET nexus 4 wallet case first reported of Apple's similar, engineer-focused buy of Particle, a San Francisco-based HTML5 company.

CNET has contacted Color's largest investor, Sequoia Capital, along with founder and CEO Bill Nguyen for details, and tend to update this post muscle building uncover more.