Google's acquisition of Wavii official, iOS app is dead

Google's acquisition of Wavii official, iOS app is dead
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.

In the original report of the acquisition, it was said that while Wavii's natural language technology would likely be folded into Google's voice recognition software, the 25-person team would be allocated to Google's Knowledge Graph division, working on improving semantic search. But, today's announcement by Wavii CEO Adrian Aoun made it sound like it could be the other way around:
Still, it is pretty clear that Wavii is going to shut down its current services and move everything into Google, and as proof of that the Wavii app for iOS has already been removed from the App Store.

source: Wavii via TechCrunch

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14 Comments

1. PhoneCritic

Posts: 1359; Member since: Oct 05, 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: 332; Member since: Sep 09, 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: 494; Member since: Sep 21, 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: Jan 17, 2013

Apple won't be worth much in a few years.

12. moronman66

Posts: 162; Member since: Jan 09, 2012

Maybe not as much, but still a decent amount, I can't see iPods going down in sales anytime soon

14. vincelongman

Posts: 5745; Member since: Feb 10, 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 unregistered

Looks like appple is loosing their touch

7. TheMan

Posts: 494; Member since: Sep 21, 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: Oct 30, 2012

Huge companies eating up smaller ones, and people wonder why there is a lack of genuine competition...

6. MorePhonesThanNeeded

Posts: 645; Member since: Oct 23, 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: 235; Member since: Dec 28, 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.

5. SirTrollAlot

Posts: 7; Member since: Apr 24, 2013

*points and laughs*

13. Dingy_cellar_dweller

Posts: 339; Member since: Mar 16, 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.

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