Friday , August 14 2020

Apple Acquire A Nigerian-Owned ICT Firm For $1b (N368b).

Apple Acquire A Nigerian-Owned ICT Firm For $1b (N368b).

US Tech giant most Apple, has bought Nigeria’s Chinedu Echeruo’s HopStop.com. According to The Wall Street Journal’s publication, AllThingsDigital, it informed that though the term of the deal has not been disclosed officially, HopStop has been compared to Israel’s Waze, which was recently acquired by Google for $1 billion.

Founded in 2005, HopStop.com makes mobile applications for both iOS and Android that covers over 300 cities and that helps people get directions or find nearby subway stations and bus stops.

Echeruo, formerly an analyst at investment banks and hedge funds, who founded HopStop, is now chairman of the Board for the App firm.

Also Read: Microsoft Delivers New Android App – SMS Organizer

The move, according to market intelligence, is seen as Apple’s plan to bolster its map offering especially given Google’s recent acquisition of Waze

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