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NewsPoster Apr 23, 2013 05:37 PM
Google buying natural-language news summary service Wavii
On the heels of a similar deal with Yahoo buying Summly <a href="">last month</a> for around the same price, Google has apparently bought out Seattle-based newsfeed company <a href="">Wavii</a> for over $30 million, the <em>Seattle Times</em> reports. The company uses natural-language processing to generate newsfeed summaries of stories reported elsewhere, similar to Summly. Apple was said to have also been interested in acquiring the service, and allegedly engaged in a brief bidding war with Google for it, apparently wanting to integrate the service into Siri.<br /><br />Founder and former Microsoft executive Adrian Aoun told <em>TechCrunch</em> that the 25-person staff of Wavii will be moving to the Bay Area to work with the search and advertising giant's Knowledge Graph division. Aoun is an investor in <em>TechCrunch</em> founder Mike Arrington's Crunchfund, and signalled the buyout to the site <a href="" rel='nofollow'>ahead</a> of other media outlets.<br />
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Google appears to have been interested in Wavii to more directly compete with Facebook -- Wavii actually described its service as a way to <a href="" rel='nofollow'>"make Facebook out of Google"</a> on its site before the purchase, meaning its summary methods made news feeds quicker and more socially-oriented for readers. The company started off wanting to create a more tailored-for-users version of Facebook's own shared news articles.<br />
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