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>> APPLE INC. Latest News

MAR 25, 2013 - Time

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Apple Buys Wi-Fi Location Startup

NEW YORK (AP) — Apple has bought WiFiSLAM, a startup that has been developing a way to use Wi-Fi hotspots to help smartphones navigate large indoor spaces, like stores, airports and conference centers. The purchase is part of Apple’s efforts to bolster its own mapping and location capabilities, after breaking up with Google Inc. last year. The purchase was reported over the weekend by The Wall Street Journal, which said Apple Inc. paid $20 million for the Silicon Valley company. Apple confirmed the purchase Monday but did not say how much it paid or why it wanted WiFiSLAM. ... Read More

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