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Apple Inc Buys Silicon Valley Startup WiFiSlam-Reuters

Sunday, 24 Mar 2013 01:44pm EDT 

Reuters reported that Apple Inc has acquired a Silicon Valley startup, WiFiSlam, which makes mapping applications for smart phones. Apple confirmed the acquisition, but declined to give details. The news was earlier reported by The Wall Street Journal, which quoted a person familiar with the matter as saying that Apple paid around $20 million for the company. WiFiSlam develops technology that provides indoor tracking and similar services.