Google Inc Acquired Wavii, the News Summarization App for 30 Million US Dollar

Google Inc acquired Wavii, the news summarization app based in Seattle, for around 30 million US dollar cash. The successful bid of Google came after the Apple Inc expressed its interest to buy Wavii. Apple wanted to acquire the company for the Siri division.

It is important to note that Google’s acquisition came a few weeks after Yahoo Inc made an equal payment for acquiring Summly, the news reader. Summly is the competitor of Wavii.

The deals took place in order to enhance the customer experience for news. Both Google and Yahoo, maintain very high traffic news sites.

The semantic search knowledge of Wavii is a great addition to google Knowledge because this would further help in contextualizing the information which is used by Google to show on sidebar of most of the searches.

About Wavii

Wavii helps the users in getting instant news updates on almost all the topics. Wavii creates the updates for the users’ favourite gadgets, politicians, celebrities or more. It basically allows you to get personalised news feed. It allows you to follow the topics of your choice and thus facilitate you with the news feeds on those topics of interest.