GOOG: Google (GOOG +1.1%) has bought startup Wavii...

3:51 PM Google (GOOG +1.1%) has bought startup Wavii for a price above $30M, a "legitimate source" tells TechCrunch, while adding Apple was also bidding for the company. BI reported about a sub-$30M deal last week. If true, look for Google to integrate Wavii's natural language processing/summarization algorithms in mobile apps and sites that have use for content summaries that can be read on a smartphone without scrolling. The report comes a day after Yahoo revamped its flagship iOS app to leverage language-processing tech acquired via Summly. Read comments

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