Apple Buys ‘HopStop’ From Nigerian Entrepreneur for $1 billion

As founder of HopStop.com, Nigerian native Chinedu Echeruo has been helping New Yorkers navigate the city’s overwhelming mass transit system since 2005. Eager to improve its mapping tools, Apple Inc. recently acquired the popular online city transit guide, AllThingsDigital reports.

Apple spokeswoman Kristin Huguet confirmed the deal in a statement to ABC News: “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”
While terms of the acquisition have not been disclosed, Google recently purchased Israeli mapping start-up Waze for $1.1 billion.

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Apple Buys ‘HopStop’ From Nigerian Entrepreneur for $1 billion

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