Apple announced on Thursday that it has signed an agreement to acquire the majority of Intel’s smartphone modem business. The deal is worth $1 billion and is expected to close in the fourth quarter of this year. Included in the buyout are 2,200 Intel employees joining Apple, patents and other IP, equipment and leases.
Apple agreed to pay nearly $500 million to purchase digital magazine subscription service Texture, according to a new report from The New York Post. The acquisition was first announced a year ago, and last month Apple launched its News+ service largely based on the Texture platform.
Apple has acquired Laserlike, a small machine learning startup based in Silicon Valley. The Information reports that the buyout happened late last year, and the team has joined Apple’s new artificial intelligence group.