Apple Inc. has acquired Buddybuild, a Vancouver, Canada-based company that makes software development tools, according to a Buddybuild blog. Apple stock is down a fraction to $172.05 in late trading. Buddybuild, owned by Doe Pics Hit, Inc., raised nearly $9 million, according to FactSet, with the most recent fundraising in May 2016. Buddybuild did not disclose the terms of the sale. Apple stock is up 49% over the past year, as the S&P 500 index rose 20%. The Dow Jones Industrial Average , of which Apple is a component, rose 25% over the past year.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News