Google Buying Wavii After Bidding War With Apple

Discussion in ' News Discussion' started by MacRumors, Apr 23, 2013.

  1. MacRumors macrumors bot


    Apr 12, 2001

    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.
    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
  2. ifij775 macrumors regular

    Nov 6, 2012
    Boston, MA
    Any chance they can't outbid Google, because the share price tanked while GOOG still seems to be flying?
  3. Oletros macrumors 603


    Jul 27, 2009
    Premià de Mar
  4. lsvtecjohn3 macrumors 6502a

    May 8, 2008
    Yeah..... I'm going to say no
  5. Furifo macrumors 6502

    Jun 1, 2010
    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.
  6. lsvtecjohn3 macrumors 6502a

    May 8, 2008
  7. brinycbri, Apr 23, 2013
    Last edited by a moderator: Apr 23, 2013

    brinycbri macrumors 6502a

    Mar 13, 2007
    They would buy through cash not equity shares.
  8. jasvncnt, Apr 23, 2013
    Last edited by a moderator: Apr 23, 2013

    jasvncnt macrumors 6502

    Jan 20, 2011
    New Jersey
    try quoting what post your referring to
  9. markieg macrumors member

    Jun 11, 2010
  10. theheadguy macrumors 65816

    Apr 26, 2005
    If Apple bought it, it would have died an instant death.
  11. alent1234 macrumors 603

    Jun 19, 2009
  12. brinycbri, Apr 23, 2013
    Last edited by a moderator: Apr 23, 2013

    brinycbri macrumors 6502a

    Mar 13, 2007
    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?
  13. Rocketman macrumors 603


    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.

  14. KylePowers macrumors 68000


    Mar 5, 2011
    I... I would sell myself to Google for $30 million.
  15. AZREOSpecialist macrumors 68000


    Mar 15, 2009
    What does bidding on a company have to do with share price when you have almost $140 BILLION sitting in the bank?
  16. arcite macrumors 6502a


    Sep 6, 2009
    Cairo, trapped in a pyramid with my iphone
    Good to see Apple values their cash pile. The big battles lie ahead! Let google waste their money on crowd funded fad apps. :rolleyes:
  17. Northgrove macrumors 65816

    Aug 3, 2010
    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.
  18. goodcow macrumors 6502a

    Aug 4, 2007
    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.)
  19. alent1234 macrumors 603

    Jun 19, 2009
    But come one
    Poor apple has margins to worry about

  20. thekev macrumors 604


    Aug 5, 2010
    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.
  21. camnchar macrumors 6502


    Jan 26, 2006
    SLC, Utah
    Now that would have been a news story. "Apple buys Wavii for $124 billion."
  22. Poll Smoker macrumors 6502a

    Poll Smoker

    Jul 20, 2007
    You think?
  23. dysamoria macrumors 6502a


    Dec 8, 2011
    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.
  24. Noctilux.95 macrumors 6502

    Jan 20, 2010
  25. BMNB1tch macrumors regular

    Jan 20, 2009
    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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