Google's acquisition of Wavii official, iOS app is dead
0. phoneArena 26 Apr 2013, 13:39 posted on
Earlier this week, word came out that Google had outbid Apple for the right to purchase Wavii, a natural language startup. According to the report, Google had agreed to pay somewhere "north of $30 million" for the company including its language technology and 25-person staff. Today, Wavii has announced that the deal is real, and that its service is shutting down, which should include the iOS app...
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1. PhoneCritic (Posts: 375; Member since: 05 Oct 2011)
Now that was quick. Well I guess Apple can find another start up company that is working on voice recognition technology that can improve Siri. They have alot of cash to throw around too!
3. Luuthian (Posts: 218; Member since: 09 Sep 2011)
Which is exactly why I'm certain Apple felt as if they didn't need them. Both companies have billions in reserves, so to pay $30 million for a company is nothing. If Apple really wanted them they could have upped the pressure.
8. TheMan (Posts: 417; Member since: 21 Sep 2012)
Even though $30 million or so is petty cash for these bidders, its the last option as the acquiring firm tries to pay as much as possible in shares of its stock. Both Apple and Google have high value shares. It would be interesting to see the terms and conditions of the deal.
9. HDShatter (Posts: 1021; Member since: 17 Jan 2013)
Apple won't be worth much in a few years.
12. moronman66 (Posts: 159; Member since: 09 Jan 2012)
Maybe not as much, but still a decent amount, I can't see iPods going down in sales anytime soon
14. vincelongman (Posts: 1597; Member since: 10 Feb 2013)
Depends, I could see the Nano dead, but the Shuffle will still be popular with sporty people and the Classic probably still popular with people with lots and lots of music.
I think Apple needs a cheap iPhone because most people probably dont want to carry both a phone and iPod, so they would want a decent smartphone, for example a low/mid range Android/W8 or cheap/older iPhone.
2. InspectorGadget80 (Posts: 6684; Member since: 26 Mar 2011)
Looks like appple is loosing their touch
7. TheMan (Posts: 417; Member since: 21 Sep 2012)
Not losing its touch...more like not willing to overpay. A firm can buy, build, or rent a capability. At first Nuance leased its voice technology to Siri and Voice Commands. Google or Apple could try a homegrown solution, but that doesn't make sense given the specialized nature of the function. There are other startups in this space so why get into a bidding war?
4. UrbanPhantom (Posts: 949; Member since: 30 Oct 2012)
Huge companies eating up smaller ones, and people wonder why there is a lack of genuine competition...
6. MorePhonesThanNeeded (Posts: 645; Member since: 23 Oct 2011)
It's either that or just die...not enough room left for tiny upstarts considering the sheer number of patents out there, they'd need to be financially loaded to pay for licensing.
10. dsDoan (Posts: 221; Member since: 28 Dec 2011)
Many startups begin with the intention of being acquired.
11. Aeires (unregistered)
Why do four gas stations, all on opposite corners of a four way intersection all have the same prices? It's big corporations calling the shots.
13. Dingy_cellar_dweller (Posts: 191; Member since: 16 Mar 2013)
Apple didn't up their bid because they knew that they would get the the Google App for free. If Apple had bought the company no else would get access to the tec.
What makes Apple iPhone great are all the Google Apps.