The European Commission reveals Apple’s acquisition of assets and staff from the Play app developer, Rabbit 3 Times Inc.
Apple has acquired certain assets and key employees from Rabbit 3 Times Inc., the developer behind the Play app, according to a disclosure by the European Commission. The deal includes rights to offer employment to select staff from the app team.
The acquisition was outlined in a regulatory statement but did not disclose financial terms or specific strategic motives. Play, a lesser-known app, had not been previously linked to major market movements or high-profile acquisitions in the tech sector.
No immediate market reaction was reported following the disclosure, and Apple has not commented on the acquisition’s impact on its operations or product pipeline.