Apple Said To Pay About $50 Million For Application-Search Startup Chomp -- BloombergApple Inc. (AAPL), the world’s most valuable company, acquired San Francisco-based Chomp Inc., which helps users sort through the widening array of software applications for mobile devices.
The Cupertino, California-based company paid about $50 million for Chomp, according to a person familiar with the matter, who asked not to be named because the specifics are private. Apple confirmed the deal yesterday, without disclosing the purchase price.
“We buy smaller technology companies from time to time and generally don’t comment on our purposes or plans,” said Amy Bessette, a spokeswoman for Apple.
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My Comment: It's about time.
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