Apple buys indoor location company WifiSLAM

Apple paid around $20 million for the Silicon Valley-based company, according to a person familiar with the matter who said the deal closed recently.

This is what we call an "acqui-hire." If they were working on something really revolutionary, the price would be way higher because Google would have been looking at them as well.

My bet is that these are some talented people with the potential to do amazing things.

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