Apple agrees to acquire personnel and technology from personalized audio startup Hux
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$336.64 -1.11%
View chart & analysis → - 1Apple notified the European Commission on June 9 that it has signed an agreement to offer employment to some Hux employees and obtain non-exclusive licenses for its intellectual property.
- 2Hux announced on May 21 that it would cease services, remove its app from the Apple and Google stores, and delete user data.
- 3The Hux team stated they would not continue product development and would instead start new endeavors.
So what's the key point?
Apple has decided to bring in the staff and technology from Hux, a company with sound technology. Apple has secured new technology.
Source TechCrunch · View original ↗
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