Google Inc has acquired Wavii, the Seattle-based startup behind a news summarization app, for roughly $30 million in cash, a person with knowledge of the matter said Tuesday. Google's successful bid came after Apple Inc had expressed interest in buying Wavii to incorporate the startup's natural language technology into Siri, Apple's voice-activated personal assistant feature, said the person, who declined to be named because the deal has not been publicly announced.Google and Wavii declined to comment.Google's purchase comes several weeks after Yahoo Inc paid a similar amount to acquire Summly, the news reader and Wavii competitor founded by 18-year-old Nick D'Aloisio in London.The deals have taken out of play two small companies that sought to enhance how consumer experience news - a significant concern for Google and Yahoo, which both maintain highly trafficked news sites.
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL traded higher by 1.87% or $7.46/share to $406.13. In the past year, the shares have traded as low as $385.10 and as high as $705.07. On average, 17939600 shares of AAPL exchange hands on a given day and today's volume is recorded at 23722708.
Google Inc. (Google) is a global technology company focused on improving the ways people connect with information. Shares of GOOG traded higher by 0.97% or $7.786/share to $807.90. In the past year, the shares have traded as low as $556.52 and as high as $844.00. On average, 2378900 shares of GOOG exchange hands on a given day and today's volume is recorded at 2299900.
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