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Apple Purchases App Searcher Chomp

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    NEWSLETTERS

    Thursday Apple CEO Tim Cook emerged from the company's annual shareholder meeting wondering what to do with its $76.2 billion in the bank.

    A day later, Cook figured where to spend at least some of it.

    Apple has reportedly purchased the makers of an app search directory called Chomp. Details of the deal were not released but TechCrunch reports that Chomp has a little over $2.5 million in funding.

    Chomp CEO Ben Keighran and CTO Cathy Edwards have already started working for Apple, according to reports.

    The news comes as reports began to surface just this week that Apple could have a redesign for both its App Store and its iTunes store some time this year.