At this point in time, any financial details of the deal have not been disclosed.
"One of the things that you have to realise for yourself is we don't know anything about making television, so what skillsets does Apple bring to that?" Cue mentioned a new PGA Tour AR golf app for iOS which enables any large table surface to hold a virtual golf course that can be moved around using your iPhone or iPad as a lens.
He also said that the company's approach to AR is to let you see the world around you, and that relying on your device rather than goggles makes it easy and fast to overlap information on the real world. The app is now run by Next Issue Media LLC, owned by a group of publishers and other companies including Hearst Corp.
Apple's Eddy Cue confirms the buy in a statement (via TechCrunch): "We're excited Texture will join Apple, along with an impressive catalog of magazines from numerous world's leading publishers".
Texture is a company with similarities to Netflix, and they provide subscriptions to a number of publications for a flat monthly fee. The most obvious outcome of this acquisition would likely involve Texture getting integrated into Apple News, allowing users of Apple News to access its collection of over 200 magazines.
"I'm thrilled that Next Issue Media, and its award-winning Texture app, are being acquired by Apple", said John Loughlin, CEO of Next Issue Media / Texture. "We could not imagine a better home or future for the service".
Eddy Cue, Apple's senior vice president of Internet Software and Services, sat down with CNN's Senior Media Reporter Dylan Byers today at SXSW to discuss Apple's TV and News strategy.
Nunes/Pennington Set for UFC 224
She cuts a tremendous amount of weight to make the featherweight limit of 145 pounds, so the UFC decided on Nunes-Pennington. Of course, this comes on the heels of UFC President Dana White saying Nunes/Cyborg has to happen .
Philips Hue outdoor range adds mood lighting to your garden
If you've already bought into the Philips Hue ecosystem, these new lights will work with your existing hardware and lights. United States only: the PAR38 lamp will retail for Dollars 29.99 for a single pack and double pack for Dollars 49.99.
Myanmar 'building military bases on Rohingya villages'
Amnesty International's latest research reveals how whole villages of burned Rohingya houses have been bulldosed since January. More than 670,000 people have fled into Bangladesh, where they are now facing the prospect of forced repatriation to Myanmar.
Afghan forces battle to win back district center
On February 24, at least 18 Afghan soldiers were killed after Taliban militants attacked a security checkpoint in the province. Abdullah also said government will try to fulfil all its obligations in the new solar year.
Dropbox looks to raise $648 million in upcoming IPO
Drew Houston, the founder and CEO of Dropbox, at the annual Allen & Company Sun Valley Conference in 2016 in Sun Valley, Idaho. VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more.