suitor
Nokia could sell luxury Vertu brand to VC firm for $265 million
Source: http://www.engadget.com/2012/04/30/nokia-vertu-vc-firm-permira/
As much as it’d be interesting to see Windows Phone running on a $21,000 gold-plated cigar lighter, that’s probably never going to happen. According to the UK’s Financial Times, Nokia has been trying to hive off its luxury Vertu brand for months already, and has finally found a suitor with the right cash / sense ratio. Although still far from a done deal, we’re told that venture capitalist firm Permira is willing to contribute up to $265 million to Nokia’s needy coffers — which might sound like a lot, but is mere costume jewelry to a manufacturer that just lost $1.7 billion.
Nokia could sell luxury Vertu brand to VC firm for $265 million originally appeared on Engadget on Mon, 30 Apr 2012 03:04:00 EDT. Please see our terms for use of feeds.
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Why Does Amazon Need Its Own Voice Recognition Company? [Amazon]
Source: http://gizmodo.com/5857972/why-does-amazon-need-a-voice-recognition-company
![medium fb31b52908d2f955fc8ced050fb4c283 Why Does Amazon Need Its Own Voice Recognition Company? [Amazon]](http://cache.gawkerassets.com/assets/images/4/2011/11/medium_fb31b52908d2f955fc8ced050fb4c283.jpg "Why Does Amazon Need Its Own Voice Recognition Company?")
Amazon has, apparently, ponied up for a speech recognition company called Yap, the Atlantic reports.
Yap was an iPhone and Android app voicemail transcription service that would turn your audio voicemails into text, somewhat similar to Google Voice. It had generally positive reviews. It was purchased by a mysterious suitor in September, which CLT Blog traced back to Amazon’s address. On October 20, it shut down.
The question, of course, is what will Amazon do with it. Is this headed to mobile? Is it a Siri competitor? Android, the OS underpinning the Kindle Fire, already has voice control. And of course the Kindle Fire doesn’t have a microphone. Is it planning to use it on the Web as well as (or instead of) mobile? Could it be bringing voice recognition to its product search?
Whatever the plans are, it’s unlikely to simply let it die on the vine.
[CLTBlog via The Atlantic]
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