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Apple acquires Texture, a "Netflix for magazines"

Apple has acquired Texture, an online service that lets users access to more than 200 magazines for $10 per month. Texture is expected to continue operating as a standalone services. Sellers include KKR. No terms of the deal were disclosed.

Why it matters: The move could help Apple expand both Apple News on iOS and its subscription business more broadly. Apple also emphasizes that it will help it continue to provide high-quality journalism from trusted sources to its customers.

Axios 6 hours ago
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Axios situational awareness

🎖️ Ronny Jackson withdraws as VA nominee — 📺 Trump holds forth on Fox & Friends — 🇫🇷 Macron sums up his Trump visit — 🍃 How Pruitt prepped for Congress

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Mike Allen 9 hours ago
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Macron's blunt postgame

Collage: Sarah Grillo/Axios; Photos: Getty Images

French President Emmanuel Macron said at a remarkably candid postgame for a small group of reporters last evening that his State Visit left him convinced President Trump will withdraw from the nuclear deal with Iran, and that the U.S. president wants to create "a series of new Trump's deals."

His big takeaway: "[Y]our president is a dealmaker. You always have to understand the rationale of your counterpoint. He's a dealmaker. So he wants to find a deal and he wants to find a deal under his condition."