Apple is buying Texture, signaling a harder push into news

Apple has more money than the U.S. Treasury, so it should come at no surprise that the company will occasionally spend its cash on new stuff.

The tech giant announced at the annual South by Southwest Interactive (SXSWi) conference on Monday that it's acquiring Texture, a digital magazine subscription service. Charging $9.99 a month, Texture customers get access to more than 200 magazines including People, Time, National Geographic, Esquire, GQ, The Atlantic, Rolling Stone, and more. Terms of the deal were not disclosed.

This surprising acquisition indicates an increasing seriousness from Apple to tackle the news industry, at a time when the spread of fake news has proven to be an extremely difficult problem for other Silicon Valley companies like Google, Facebook, and Twitter to handle.  Read more...