SAN FRANCISCO — Lawyers for San Francisco startup Hooked Media Group Inc. are taking on Apple Inc. over a scrapped acquisition deal they say all but destroyed the startup.
Hooked Media, a mobile app search and recommendation platform founded in 2008, entered negotiations with Apple in May 2013. At first it looked like a great deal for both sides, according to Hooked Media’s lawyers at Sideman & Bancroft. The venture-backed startup stood to make $60 million, and Apple was in the market for technology that would provide its customers with personalized app recommendations, according to the complaint filed last week in Santa Clara County Superior Court.
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