Apple to buy digital magazine service Texture

Mergers and AcquisitionsReuters

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(Reuters) - Apple Inc. will buy digital magazine service Texture, which lets users read titles for a monthly subscription fee, the iPhone maker said on Monday.

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Apple did not disclose the financial terms of the deal.

Texture is owned by Next Issue Media, a joint-venture between Condé Nast, Hearst Magazines, Meredith Corp, News Corp. and Rogers Media.

(Reporting by Sonam Rai in Bengaluru; Editing by Sai Sachin Ravikumar)

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