Apple buys Nigerian entrepreneurís HopStop

Mergers, Acquisitions and Financial Results

Technology giant Apple has acquired, the startup venture established by Nigerian entrepreneur Chinedu Echeruo, for an undisclosed amount. HopStop is a mobile application that provides an online city transit guide for over 100 metropolitan areas worldwide.

The move comes hot on the heels of Appleís acquisition of Israeli mapping startup Waze, in an attempt to increase and enhance Appleís own mapping software and services for their device.