There are some business acquisitions that make perfect sense, some that seem a little strange but are understandable and others that we can see coming from a mile off, but the latest rumor is suggesting that Apple is in the process of acquiring Color Labs Inc. doesn’t really fit into any of those categories. Color Labs is the company behind the drastic iOS and Android app called Color that managed to raise a fairly large pot of funding in 2011, but if the reports turn out to be true then it looks like the company executive have found their way out.

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