Apple Acquires BookLamp, Final Amount Still Pending

Will Schmidt

Late last week TechCrunch reported that Apple had made an interesting move to acquire Boise, Idaho based book startup BookLamp. The location of acquisition paired with the fact that Apple is buying a startup in the literature market are both causes to pay close attention; Apple seldom moves to buy smaller tech companies, but when they do it’s usually a smart move.

One of Apple’s recent acquisitions was to buy Beats Audio, by Dr. Dre, for $3 billion – that’s right – billion with a ‘B'. Granted, Apple tends to remain very secretive when they do acquire a company so all the details surrounding BookLamp are still forming.

What we do know, according to the TechCrunch post, is that Apple spent anywhere between $10 and $15 million for BookLamp. Tech Cocktail has been working with the local Boise community for a few years now, so we're excited to stay on this story and keep you up-to-date as it continues to unfold, so stay tuned.

 

 

 

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Will is a Senior Writer with Tech.Co, based out of America's Finest City: San Diego. He covers all territory West of the Mississippi river, digging deep for awesome local entrepreneurs, companies, and ideas. He's the resident Android junkie and will be happy to tell you why you should switch to the OS. When he's off the clock, Will focuses his literary talent on the art of creative writing...or you might find him surfing in Ocean Beach. Follow Will on Twitter @WJS1988

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