The Inquirer-Home

Apple buys radio service Swell and shuts it down

Firm also picks up e-book discovery service Booklamp
Wed Jul 30 2014, 14:28
Apple logo on New York store

APPLE has picked up radio curation service Swell for a cool $30m, as its acqusition spree seemingly continues.

News of the acquisition first came via Recode earlier this week, which cited multiple sources to report that Apple is "close to buying" the streaming service.

The deal has since been confirmed, and Apple has promptly shut down the service. A statement on the Swell website reads, "Thank you for using Swell over the past year. We wanted to let you know that the Swell service is no longer available.

"We'e been inspired by the opportunity to create quality products that positively impact users’ lives, and we are grateful to all our listeners. Thank you everyone for your support!

Swell is, or perhaps was, a radio and podcast compiler app that is available for the iPhone and iPad, and is often referred to as the Pandora for talk radio. The service is focused on talk radio stations rather than those that play music, and offers shows from ESPN, NBC, the BBC and others.

While unconfirmed, it is thought that much of the Swell team will be joining Apple's ranks, with speculation suggesting that they could be hired to improve the firm's own Podcast app, which presently has a poor one-and-a-half star rating at the iTunes Store.

The firm could also be roped into boosting Apple's iRadio music streaming service, which has yet to tip up in the UK.

It seems that Apple is on an acquisition spree at present, with reports claiming that the firm also picked up Booklamp, an e-book discovery service, for between $10 and $15m last week.

It was revealed during the company's third quarter earnings call last week that the firm has acquired 29 companies since the beginning of 2013. µ

 

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