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A source tells BI Apple's (AAPL) Internet software/services chief is on the lookout for social...

A source tells BI Apple's (AAPL) Internet software/services chief is on the lookout for social media M&A targets. The fact Apple has thus far shied away from consumer Internet acquisitions in favor of buying small technology providers (I, II, III) is a reason to be skeptical about this rumor. However, Apple did reportedly make a bid for Dropbox in '09, and its social media efforts thus far have flopped.
Comments (2)
  • they really should by sirius.. generating tons of cash and that "real estate" in the car has enormous value.. theyre smart enough to realize the potential.. not to mention the value of the content much of which is their own
    22 Apr 2012, 03:54 PM Reply Like
  • A social media target would be a small, undervalued (or Pre-IPO) one for Apple to be interested. They are in no rush to buy another company.
    22 Apr 2012, 10:05 PM Reply Like
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