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Apple to Buy Radio App Swell for $30 Million


Apple to Buy Radio App Swell for 30 Million Re code

Source: http://recode.net/2014/07/27/apple-to-bu...

Apple is close to buying the Pandora-for-talk-radio app Swell, according to multiple sources.

The deal is worth about $30 million, these sources say.

Swell had raised $7.2 million from investors including DFJ, Google Ventures and InterWest Partners. Its iOS app compiled various podcasts and shows and stitched them into personalized streams.

Stashed in: Apple, Pandora, @semil, Google Ventures!, Apple, @semilshah

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Holy smokes! This is a great deal for Apple if true. 

I'm shocked Google didn't buy them first. 

A great mobile app is worth a lot!

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