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Apple spending at least $485 million on Texture for News+, report says

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<p>Following the launch of Apple News+ (https://9to5mac.com/2019/03/25/apple-announces-apple-news-for-9-99-mo-adds-300-magazines-and-select-newspapers-to-the-news-app/), Apple confirmed last month that it would shut down (https://9to5mac.com/2019/03/29/apple-news-texture-shut-down/) Texture at the end of May. Apple originally acquired Texture in March of 2018 (https://9to5mac.com/2018/03/12/apple-buying-digital-magazine-service-texture-likely-boosting-news-app-revenue/), using it as the basis for what would become Apple News+.</p>
<p>Now, a new report from the New York Post (https://nypost.com/2019/04/09/apple-to-shutter-texture-and-replace-it-with-news-app/) offers more information on the details of Apple’s Texture acquisition.</p>
<p> <a href="https://9to5mac.com/2019/04/10/apple-texture-acquisition-price/#more-588281" class="more-link">more…[/url]</p>
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