In a day packed with major Apple announcements, the company tackled smartphones, wearables, and payments. But there is one more sector that may be about to get the Apple treatment: Social. According to a single well-placed source inside Apple’s engineering team, the company is poised to announce an acquisition of Dave Morin’s Path social network. To quote our source, who requested to remain anonymous because the deal has not been announced yet, “It’s almost done, if not signed already, but it’s essentially a done deal.” If true, it would be major news for the heretofore struggling social platform that has been known more for its design and user interface innovations than for its ability to drive adoption among consumers – particularly in non-Asian markets.

Read the full story at Pando Daily.

Get Briefed Every Day!

Subscribe to my daily newsletter featuring current events and the top stories in technology, media, and marketing.