Apple buys Texture magazine service in subscription push

Apple Inc said it is acquiring Texture, a digital magazine service that lets users subscribe to more than 200 magazines for $9.99 a month. Texture, offered via the app stores of Apple, Google and Amazon.com Inc, bolsters Apple’s efforts in online services and media. The Cupertino, California, company aims to top $50 billion in annual services revenue by 2021, and a magazine subscription service would likely contribute to that.