Technology News, Reviews, Sport, Phones/Accessories, Online Services. Top Nigerian Tech Blog, Education/Admission, Romance, Entertainment, Politics...

Apple Buys Nigerian-Owned Company For $1 Billion

Apple Buys Nigerian-Owned Company For $1 Billion

Apple has been working hard to bolster its mapping technology since ditching Google Maps in 2012

In its continuous attempts to match up to Google’s mapping abilities, and subsequent to its Coherent Navigation acquisition, Apple has made another map-related acquisition.
This time its Nigerian-born Chinedu Echeruo’s Hopstop.com that the Cupertino giant has acquired for $1 billion dollars, as reported by AllThingsDigital, a publication of the Wall Street Journal.

Hopstop, founded by Echeruo in 2005, is an online city transit guide that offers door-to-door subway and bus direction and maps for over 140 cities around the world through its website, or apps for iPhone, iPad, and formerly Android.

Terms of the deal have not been disclosed yet, but Echeruo still sits as chairman of the board for Hopstop, which has been compared to Apple’s Waze, which Google recently bought for $1 billion.

Apple’s move to buy Hopstop is seen as a plan to boost its map offerings, especially in the light of Google’s acquisition of Waze.




share this article to: Facebook Twitter Google+ Linkedin Technorati Digg
Posted by Unknown, Published at 01:42 and have 0 comments

No comments:

Post a Comment