- General
- September 25, 2020
- 3 minutes read
Brief: Apple Buys Scout FM
Apple CEO Tim Cook. Photo credit: Vivek Prakash/Fortune, under Creative Commons license Technology giant Apple has bought Scout FM, a popular…
Apple CEO Tim Cook.
Photo credit: Vivek Prakash/Fortune, under Creative Commons license
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Technology giant Apple has bought Scout FM, a popular app that creates radio stations for podcast listeners. The acquisition was first reported [paywall] by Bloomberg, which notes that Apple acquired the company earlier this year. The financial terms of the acquisition aren’t disclosed. As a private company, Scout FM had raised $1.4 million in known funding from investors including Bloomberg Beta, Betaworks, Precursor Ventures, and Advancit Capital.
Apple’s acquisition of Scout FM is one of several known purchases the company has made this year. The Cupertino, California-based tech giant has acquired more than half-a-dozen companies in 2020, including Fleetsmith, a mobile device management startup; Mobeewave, a payments company; virtual reality company NextVR; weather app Dark Sky; and artificial intelligence company Xnor.ai. Apple usually keeps its purchases tight-lipped, with most of them revealed by external media.
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