Apple paid Color Labs about 7 million for their assets

Fri, Nov 23, 2012


TechCrunch reports:

In a lawsuit filed today by a former founding employee of Color Labs, one moment of clarity emerged amidst some seriously salacious allegations: Color’s approximately 20 person technology team and some of its key intellectual property assets were indeed acquired by Apple last month. This deal was buzzed about a lot in the press, but to date neither company has provided on the record confirmation — this was a central point in the suit, since former Color employee Adam Witherspoon claims he was intentionally left out from the move to Apple.

TechCrunch has confirmed with sources involved that the Apple deal did indeed go through, and the price paid in all was $7 million. That is higher than the $2 million to $5 million range that had been previously reported by AllThingsD in a much-circulated post.


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