Apple has announced plans to acquire digital magazine subscription app Texture for an undisclosed sum.
Operated by Next Issue Media, the Texture app hosts over 200 magazines and provides users with unlimited access for one monthly subscription fee.
Eddy Cue, Apple’s senior vice president of Internet Software and Services, said:
“We’re excited Texture will join Apple, along with an impressive catalogue of magazines from many of the world’s leading publishers. We are committed to quality journalism from trusted sources and allowing magazines to keep producing beautifully designed and engaging stories for users.”
John Loughlin, CEO of Next Issue Media and Texture, added:
“I’m thrilled that Next Issue Media, and its award-winning Texture app, are being acquired by Apple. The Texture team and its current owners, Condé Nast, Hearst, Meredith, Rogers Media and KKR, could not be more pleased or excited with this development. We could not imagine a better home or future for the service.”