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Old Apr 23, 2013, 02:49 PM   #1
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Google Buying Wavii After Bidding War With Apple




Google 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.
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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'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]

Article Link: Google Buying Wavii After Bidding War With Apple
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Old Apr 23, 2013, 02:55 PM   #2
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Any chance they can't outbid Google, because the share price tanked while GOOG still seems to be flying?
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Old Apr 23, 2013, 02:56 PM   #3
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Originally Posted by ifij775 View Post
Any chance they can't outbid Google, because the share price tanked while GOOG still seems to be flying?
None?
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Old Apr 23, 2013, 02:57 PM   #4
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Originally Posted by ifij775 View Post
Any chance they can't outbid Google, because the share price tanked while GOOG still seems to be flying?
Yeah..... I'm going to say no
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Old Apr 23, 2013, 02:59 PM   #5
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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.
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Old Apr 23, 2013, 02:59 PM   #6
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I wonder how much was Apple's bid
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Old Apr 23, 2013, 02:59 PM   #7
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They would buy through cash not equity shares.

Last edited by dejo; Apr 23, 2013 at 03:26 PM. Reason: removed insult.
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Old Apr 23, 2013, 03:00 PM   #8
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Originally Posted by brinycbri View Post
They would buy through cash not equity shares.
try quoting what post your referring to

Last edited by dejo; Apr 23, 2013 at 03:27 PM. Reason: quoted post / response edited.
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Old Apr 23, 2013, 03:00 PM   #9
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seems a ridiculous sum for a simple app....
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Old Apr 23, 2013, 03:00 PM   #10
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If Apple bought it, it would have died an instant death.
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Old Apr 23, 2013, 03:03 PM   #11
alent1234
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Tried the app
Google over paid
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Old Apr 23, 2013, 03:04 PM   #12
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Quote:
Originally Posted by jasvncnt View Post
try quoting what post your referring to
Please disregard what I wrote as it has been invalidated by non quote usage.

Try reading up several posts above or do you want me to point to it for you as well?

Last edited by dejo; Apr 23, 2013 at 03:27 PM. Reason: quoted post edited.
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Old Apr 23, 2013, 03:05 PM   #13
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It's pretty clear the $30m threshold is the point at which Apple could author their own code to match the functionality or the stretch functionality they had in mind to begin with. Apple tends to buy firms for the personnel not the tech anyway. Now it will be interesting to see which employees they poach.

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Old Apr 23, 2013, 03:05 PM   #14
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I... I would sell myself to Google for $30 million.
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Old Apr 23, 2013, 03:06 PM   #15
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Originally Posted by ifij775 View Post
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?
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Old Apr 23, 2013, 03:06 PM   #16
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Good to see Apple values their cash pile. The big battles lie ahead! Let google waste their money on crowd funded fad apps.
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Old Apr 23, 2013, 03:10 PM   #17
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Interesting. I liked this app, although I've kind of forgotten about it. It could perhaps be a bit better structured with various topics to follow categorized better, and so on. But best of all is the AI! I could have sworn it was curated by a human, but supposedly it isn't? I'm not really sure... I can absolutely understand Google wanting this. It's an interesting algorithm, and making search more intelligent.
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Old Apr 23, 2013, 03:12 PM   #18
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Originally Posted by Rocketman View Post
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.)
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Old Apr 23, 2013, 03:13 PM   #19
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But come one
Poor apple has margins to worry about


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Originally Posted by goodcow View Post
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.)
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Old Apr 23, 2013, 03:14 PM   #20
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Originally Posted by ifij775 View Post
Any chance they can't outbid Google, because the share price tanked while GOOG still seems to be flying?
That would make any sense. If a portion of the sale was to be paid in stock, it would cost them more shares. In either case, neither side will bid indefinitely to the limit of their funds.
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Old Apr 23, 2013, 03:19 PM   #21
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Originally Posted by thekev View Post
That would make any sense. If a portion of the sale was to be paid in stock, it would cost them more shares. In either case, neither side will bid indefinitely to the limit of their funds.
Now that would have been a news story. "Apple buys Wavii for $124 billion."
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Old Apr 23, 2013, 03:20 PM   #22
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Ah yes, content aggregators. The latest fad in the tech industry of creating a product that has no value of its own. I remember the dot com bubble...

The computer industry is the ultimate short-term-gains productless, industry. That's why there's "so much money" in tech business. It panders to the short-sighted opportunistic attitude better than any other.
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Old Apr 23, 2013, 03:29 PM   #23
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Tim Cook knows what he's doing
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Old Apr 23, 2013, 03:29 PM   #24
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wavii looks like a dumb service

however Apple's web properties need a serious revamp and debug

because they barely freaking work
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Old Apr 23, 2013, 03:30 PM   #25
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for a sec i thought the article said Google buying Wii
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