Think Secret is reporting that Apple is currently in talks to acquire HipSolve Media for $3.6 million.
HipSolve Media, founded nearly three years ago, launched Windows-based iHoopla. iHoopla offers labels and publishers the ability to distribute their music directly to customers, complete with digital rights management, with more favorable financial model.
According to Think Secret's source, a deal could be announced as early as next month.
News source: Think Secret