Bill nguyen 2012 10 18

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Apple poised to buy Silicon Valley's biggest recent flop

The technology giant is planning on purchasing Color, a recent start up that raised $41 million before going under.

Bill Nguyen, founder of the technology startup Color, stands at their headquaters on March 21, 2011 in California. Although the company was a financial failure, its innovative patents likely motivated Apple's decision to purchase the startup.

Kimihiro Oshino

AFP/Getty Images