Google Buys Wavii, According To Report

Chris CrumIT Management

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Google has bought mobile news startup Wavii for over $30 million, according to a report from TechCrunch, who says the news comes from "a legitimate source". Nothing official has been announced yet.

According to TechCrunch's Alexia Tsotsis, Google was in competition with Apple for the startup, which has drawn comparisons to Summly, which Yahoo acquired last month, and has already implemented in its new iPhone app.

Here's an interview we did with Wavii CEO Adrian Aoun last year, in which he describes the product.

Rumors were going around last week that Google was close to acquiring the company, though Business Insider said the price would be less than $30 million.

Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.