Latest in Apple

Image credit:

WSJ confirms Apple purchase of Lala

Share
Tweet
Share
Save

Sponsored Links

Well that's that, apparently. Although this story has evolved quite a bit over the day, according to Peter Kafka over at All Things Digital, Apple has indeed coughed up the dough for music streaming service Lala. If you believe what you read in the report (and you probably can, Kafka tends to be a straight shooter), Apple's snapping up the company for what will amount to a bargain-basement price... possibly less than $.50 on the dollar. However, Kafka says at least one source claims his valuation of the deal is off, but we'll have to wait for some official word before we know for sure. If this turns out to all be true, the lingering question is still about Apple's reasoning behind the purchase -- is the company after a particular technology, or is there a service in the offing? Hopefully we'll know soon.

Note: If you want a little background on Lala, Ross Rubin has covered the service extensively in his Switched On column.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share
Save

Popular on Engadget

The 2019 Engadget Holiday Gift Guide

The 2019 Engadget Holiday Gift Guide

View
The best probe thermometer

The best probe thermometer

View
After Math: Everything's coming up Disney

After Math: Everything's coming up Disney

View
mTiny robot review: Screen-free coding for kids

mTiny robot review: Screen-free coding for kids

View
BioWare may revamp 'Anthem' in a bid to save it

BioWare may revamp 'Anthem' in a bid to save it

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr