Apple working on new magazine subscription service in Apple News app

Apple is quietly building a new digital magazine subscription bundle that it plans to start selling inside the Apple News app within the next year, using technology it acquired from Menlo Park-based Texture, Bloomberg reports, citing unnamed sources.

If true, the move would mirror the company’s 2014 acquisition of Beats Electronics — where it bought a startup with a rapidly growing subscription content service, and spun that service into an Apple-branded app, in that case, Apple Music.