Merger and Acquisitions Report: Apple Set To Buy Color, Amazon Poised For Brazil
It is said that Apple (NASDAQ:AAPL) is poised to purchase Color, which at one time was a hyped mobile photo-sharing startup that has since failed. It seems that the latter’s patents might be tempting Apple, reports The Next Web.
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Amazon.com (NASDAQ:AMZN) is said by Bloomberg to be in discussions to acquire the Brazilian bookseller Saraiva, which at this time has a market cap of $356 million, and is both a publisher and retailer of books online and in physical stores. Meanwhile, the possibility of Amazon entering Brazil seems to be causing worries for MercadoLibre (NASDAQ:MELI), which shares have already fallen on the report.
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