• Apple Acquires Swell as Website and App Have Been Shut Down

    It seems as if lately Apple has been acquiring a few startup companies, with the most recent acquisition of BookLamp just a few days ago. And now, reports are saying the Cupertino-based company also bought out startup talk-radio service Swell. It appears the deal has already been finalized, as Swell’s website and App Store app has recently been shut down. When you go to the website, the following message is displayed to the public:

    Thank you for using Swell over the past year. We wanted to let you know that the Swell service is no longer available. We’ve been inspired by the opportunity to create quality products that positively impact users’ lives, and we are grateful to all our listeners. Thank you everyone for your support!
    The message displayed does not mention anything about Apple nor does it say the company was acquired by Apple. However, sources over at Re/code mentioned previously that it would happen sometime this week and that the deal was worth $30 million. Also mentioned by Re/code was that as part of the deal, Swell’s app would have to be shutdown. With the news of the app and website being shutdown recently, we can assume the purchase has already happened. Wall Street Journal‘s Daisuke Wakabayashi has taken it to Twitter to also confirm the acquisition.

    Source: Swell, Wall Street Journal, Re/code
    This article was originally published in forum thread: Apple Acquires Swell as Website and App Have Been Shut Down started by Akshay Masand View original post
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