Apple acquires UK startup Spectral Edge

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Read: Early Q4'19 Results Point To 6 Million-Plus Multichannel Subscriber Drop In 2019
Fourth-quarter losses for the top operators historically accounting for nearly 93% of the traditional multichannel universe suggest overall sector losses are likely to top last year's record decline by more than 50%.
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13 Dec, 2019

Author Phoebe Magdirila

Apple Inc. acquired U.K.-based startup Spectral Edge Ltd., which develops technology to improve pictures taken on smartphones, Bloomberg News reported Dec. 12, citing regulatory filings.

The financial details of the transaction were undisclosed.

Apple corporate lawyer Peter Denwood was named a director of Spectral Edge, which terminated its other advisers and board members.

Author
Phoebe Magdirila

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Apple acquires UK startup Spectral Edge