Rumors and speculation about the sale of Seattle news feed startup Wavii were correct.
Wavii confirmed today that it’s being sold to Google, a deal that was first reported Wednesday by TechCrunch. That report said Google paid more than $30 million and Wavii’s 25-person team will relocate to the San Francisco area.
At the time, Google declined to discuss the “rumors and speculation.” Today a spokeswoman declined to verify the sale price or relocation details but issued the following statement:
“We’re impressed by the Wavii team’s progress in understanding natural language and we look forward to working with them at Google.”
Wavii’s service – which uses natural language processing to generate status updates on news topics – will stop operating. But the technology will surface in Google products reaching a wider audience, Wavii founder Adrian Aoun said in a statement posted on the company’s site.
“While we won’t continue to offer this particular service, we’ll be using our natural language research at Google in ways that may be useful to millions of people around the world,” the Microsoft veteran wrote.