Merger and Acquisitions Report: Apple Set To Buy Color, Amazon Poised For Brazil

It is said that Apple (NASDAQ:AAPL) is poised to purchase Color, which at one time was a hyped mobile photo-sharing startup that has since failed. It seems that the latter’s patents might be tempting Apple, reports The Next Web.

Apple has been a huge winning stock pick for Wall St. Cheat Sheet Newsletter subscribers. Don’t waste another minute — click here and get more of our CHEAT SHEET stock picks now.

Amazon.com (NASDAQ:AMZN) is said by Bloomberg to be in discussions to acquire the Brazilian bookseller Saraiva, which at this time has a market cap of $356 million, and is both a publisher and retailer of books online and in physical stores. Meanwhile, the possibility of Amazon entering Brazil seems to be causing worries for MercadoLibre (NASDAQ:MELI), which shares have already fallen on the report.

Don’t Miss: What is Apple Plotting With This Acquisition?