Apple is said to have placed a bid, as well, but Google offered the more appealing terms.
Wavii specialized in "aggregation technology and natural summarization algorithms" and it was reported that Apple wanted to integrate the company into its Siri division.
Google will bring the 25-person Wavii team into their Knowledge Graph division, and some could do work for Google Now.
Although the terms were not disclosed, the purchase is expected to be around $30 million.
Written by: Andre Yoskowitz @ 24 Apr 2013 22:43
