Reuters: Technology News: Apple buys Silicon Valley startup WiFiSlam

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Apple buys Silicon Valley startup WiFiSlam Mar 25th 2013, 15:57 Tweet Share this Email Print Related News EU regulator monitors Apple iPad and iPhone distribution Fri, Mar 22 2013 Analysis: Big Tech tests the waters of the music stream Fri, Mar 22 2013 Software co. Intertrust accuses Apple of infringing patents Wed, Mar 20 2013 Samsung working on wristwatch to rival Apple's Tue, Mar 19 2013 Samsung Galaxy S4 blitz may prompt Apple rethink Fri, Mar 15 2013 Analysis & Opinion The volubility index Hedge funds stockpiled Citi, axed Apple in Q4 Related Topics Tech » Small Business » Customers gather outside an Apple store before the release of iPhone 5 in Munich early September 21, 2012. Credit: Reuters/Michael Dalder NEW YORK | Mon Mar 25, 2013 11:57am EDT NEW YORK (Reuters) - Apple has acquired a Silicon Valley startup, WiFiSlam, which makes mapping applications for smart phones. Apple confirmed the acquisition, but declined to give details. The news was earlier reported by The Wall Street Journal, which quoted a person familiar with the matter as saying that Apple paid around $20 million for the company. "Apple acquires smaller technology companies from time to time, and we generally do not discuss our purpose or plans," an Apple spokesman told Reuters. WiFiSlam develops technology that provides indoor tracking and similar services. Big tech companies such as Apple and Google have been racing to provide more and better map applications for users. Google's application, Google Maps, is widely accessed on Google's Android platform and rival Apple's rival iOS platform. (Reporting by Poornima Gupta in San Francisco and Caroline Valetkevitch in New York; Editing by David Brunnstrom) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions