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Apple to buy digital magazine service Texture
(Reuters) - Apple Inc (AAPL.O) will buy digital magazine service Texture, which lets users read titles for a monthly subscription fee, the iPhone maker said on Monday.
Apple did not disclose the financial terms of the deal.
Texture is owned by Next Issue Media, a joint-venture between Condé Nast, Hearst Magazines, Meredith Corp (MDP.N), News Corp (NWSA.O) and Rogers Media.
Reporting by Sonam Rai in Bengaluru; Editing by Sai Sachin Ravikumar
Our Standards:The Thomson Reuters Trust Principles.
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