It appears Apple is close to acquiring talk radio app Swell for $30 million. Much of Swell’s development team reportedly will be joining Apple, and the app is expected to be shut down sometime this week. Although Swell managed to raise $7.2 million from the likes of DFJ, Google Ventures and InterWest Partners, it hasn’t been able to get much traction in the crowded iTunes App Store, despite garnering a user rating of 4.5 out of 5 stars.
If the Swell purchase should pan out, it would be Apple’s third acquisition deal in as many months.
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Swell Deal Could Give Apple Something to Talk About
Posted by: John P. Mello Jr. July 29, 2014 06:30 AMIt appears Apple is close to acquiring talk radio app Swell for $30 million. Much of Swell’s development team reportedly will be joining Apple, and the app is expected to be shut down sometime this week. Although Swell managed to raise $7.2 million from the likes of DFJ, Google Ventures and InterWest Partners, it hasn’t been able to get much traction in the crowded iTunes App Store, despite garnering a user rating of 4.5 out of 5 stars.
If the Swell purchase should pan out, it would be Apple’s third acquisition deal in as many months.