On October 1, 2009
Did Apple Secretly Acquire Placebace?
There is a lot of evidence that Apple acquired mapping company Placebase this summer and that the action might have undermined its relationship with Google, for which mapping technology is a core business. But forget the sturm und drang of outrageous corporate soap opera for a moment, because there’s a bigger issue. How does a registered public company in the U.S. acquire another company without giving any sort of public notice at all? And how long is Apple going to consider itself above the rules before a heavy-handed regulatory agency slaps it down so hard that the collective set of eyes in Cupertino, and among all investors, will be bouncing for months after?
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