New in OS X: Get MacRumors Push Notifications on your Mac

Resubscribe Now Close

Google Buying Wavii After Bidding War With Apple

WaviiGoogle has bought aggregation and summarization startup Wavii for more than $30 million, winning a bidding war with Apple over the firm. TechCrunch is reporting that Apple wanted to integrate the company with its Siri division.
Both Apple and Google were competing for the Seattle-based startup, and Google eventually won. Apple wanted the company, which developed its own aggregation technology and natural summarizaton algorithms, for its Siri division. The 25-person-strong team including founder Adrian Aoun will be moving down from Seattle to join Google’s Knowledge Graph division.
With more than $135 billion in cash, the $30 million price tag would not have been a significant outlay for Apple, but it appears the company did not value Wavii enough to outbid Google. Wavii had raised $2 million in venture funding.

Wavii
Wavii's iOS app automatically delivers news and status updates on customized topics to users and is available free for iPhone on the App Store. [Direct Link]

Top Rated Comments

(View all)

19 months ago
If Apple bought it, it would have died an instant death.
Rating: 6 Votes
19 months ago

Any chance they can't outbid Google, because the share price tanked while GOOG still seems to be flying?


None?
Rating: 4 Votes
19 months ago

Any chance they can't outbid Google, because the share price tanked while GOOG still seems to be flying?


What does bidding on a company have to do with share price when you have almost $140 BILLION sitting in the bank?
Rating: 4 Votes
19 months ago

It's pretty clear the $30m threshold is the point at which Apple could author their own code to match the functionality


Except Apple has proven time and time again that they're too cheap to hire more engineers to actually keep dedicated resources on projects, and instead shuffle teams around and let products wither on the vine (currently see: iWork, iLife, Aperture, etc.)
Rating: 4 Votes
19 months ago
seems a ridiculous sum for a simple app....
Rating: 3 Votes
19 months ago
Tried the app
Google over paid
Rating: 3 Votes
19 months ago
I feel that had Apple would have outbid Google if they felt this company could add significant value to a product that they have been aggressively promoting - Siri. If they decided not to outbid Google then they probably figured the company wasn't valuable enough for them to match what Google was willing to pay.
Rating: 2 Votes
19 months ago
Good to see Apple values their cash pile. The big battles lie ahead! Let google waste their money on crowd funded fad apps. :rolleyes:
Rating: 2 Votes
19 months ago

Good to see Apple values their cash pile. The big battles lie ahead! Let google waste their money on crowd funded fad apps. :rolleyes:


Spending 0.25% of $140b on something that could improve your core programs/services > Spending none of $140b to remain static.

The worrying thing about Apple is that they seem content to just make minor changes and introduce one flagship tool per year (Siri, Maps, Fingerprint Sensor?) instead of doing an entire overhaul of iOS.
Rating: 2 Votes
19 months ago

I wonder how much was Apple's bid


Somewhat less than $30 Million. :apple:
Rating: 2 Votes

[ Read All Comments ]