Nigerian Techpreneur, Chinedu Echeruo Sells hopstop.com To Apple For $1billion.

Apple has purchased Nigerian-born Chinedu Echeruo‘s HopStop.com application. With Google buying the Israel-based Waze map application for a reported $1.1 billion, it has been rumored that HopStop’s purchase was worth a similar amount. But thus far, Apple has not revealed the terms of the deal.

As reported by the Wall Street Journal’s “All Things Digital” blog, HopStop empowers Apple’s map program by providing access to a portion of the mapping landscape it had yet to cover. HopStop shows users in more than 500 cities the fastest way to travel by foot, bike, subway and car. The move has been seen by many analysts as a step in the right direction to competing with the industry-leading Google Maps service. In fact, Google has been providing map data to Apple since 2007 but the deal went sour in 2012.


By STELLA OBAMANU.
Full story at Express NG.