Apple Buys SnappyLabs for Speedier IPhone Picture Taking

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Apple Inc. acquired the maker of photography smartphone application SnappyCam as the world’s most valuable technology company continues its stepped-up pace of acquisitions.

SnappyLabs, maker of the $1 smartphone application, is based in San Francisco and run by Australian entrepreneur John Papandriopoulos. The software, which is no longer available in Apple’s App Store, lets people quickly take a stream of photos and then pick the best ones. Terms of the deal weren’t disclosed.