Color Labs founder Bill Nguyen has a relationship with Apple. In 2009, the tech giant bought one of his startups called Lala for $80 million.
Now, rumor has it that Apple may be after his Color Labs too.
According to The Next Web, sources say that Apple has picked up the startup for a price in the "high double digits," and the deal is final even though papers aren't yet signed.
Color made a big splash when it launched last year as a location-based photo-sharing app for iOS and Android. Its charismatic founder, Nguyen, won big backers, … Read more