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Nairaland Forum / Science/Technology / Technology Market / Apple Buys Chinedu Echeruo’s Hopstop.com For $1 Billion (1045 Views)
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Apple Buys Chinedu Echeruo’s Hopstop.com For $1 Billion by zomoears(m): 1:35pm On May 20, 2015 |
Zacheaus Somorin in Toronto with agency report Apple has bought Chinedu Echeruo’s HopStop.com, The Wall Street Journal’s publication, AllThingsDigital reports. Founded in 2005, HopStop.com makes mobile applications for both iOS and Android that covers over 300 cities and that helps people get directions or find nearby subway stations and bus stops. Terms of the deal have not been disclosed as at the time of this report. Chinedu Echeruo, formerly an analyst at investment banks and hedge funds, founded HopStop in 2005. Echeruo is now Chairman of the Board for HopStop. HopStop has been compared to Israel’s Waze which was recently acquired by Google for $1 billion. The move is seen as Apple’s plan to bolster its map offering especially given Google’s recent acquisition of Waze. A serial entrepreneur, Chinedu Echeruo grew up in Eastern Nigeria and attended Kings College, Lagos. He attended Syracuse University and the Harvard Business School in the United States and founded HopStop.com after working for several years in the Mergers & Acquisitions and Leveraged Finance groups of J.P Morgan Chase where he was involved in a broad range of M&A, Financing and Private Equity transactions. He also worked at AM Investment Partners, a $500 million volatility-driven convertible bond arbitrage hedge fund. He founded and raised nearly $8 million for his two U.S based internet companies: Hopstop.com andTripology.com. Tripology.com was acquired in 2010 by American travel and navigation information company, Rand McNally. True to form, Echeruo is working on yet another venture but this time, focused on small businesses in Africa. According to him, “there is no reason why every entrepreneur should have to reinvent the wheel every single time in all the countries in Africa. My idea is to essentially have one place where a budding entrepreneur can access a template for starting a business, and then customize it to suit their own situation; essentially, a business-in-a-box.” Tags: News, Nigeria, Featured, Chinedu Echeruo http://www.thisdaylive.com/articles/apple-buys-chinedu-echeruo-s-hopstop-com-for-1-billion/209670/ |
Re: Apple Buys Chinedu Echeruo’s Hopstop.com For $1 Billion by RICHIEBOI1(m): 2:42pm On May 20, 2015 |
The Money Man 1 Like
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Re: Apple Buys Chinedu Echeruo’s Hopstop.com For $1 Billion by holluwai(m): 3:24pm On May 20, 2015 |
He made it big then!! |
Re: Apple Buys Chinedu Echeruo’s Hopstop.com For $1 Billion by henryobinna(m): 4:21pm On May 20, 2015 |
omo!!
199 billion naira |
Re: Apple Buys Chinedu Echeruo’s Hopstop.com For $1 Billion by Acidosis(m): 7:30pm On May 20, 2015 |
Re: Apple Buys Chinedu Echeruo’s Hopstop.com For $1 Billion by zomoears(m): 7:43pm On May 20, 2015 |
Acidosis: Close ur mouth. Fly de pass. Lol |
Re: Apple Buys Chinedu Echeruo’s Hopstop.com For $1 Billion by nnasino(m): 8:07pm On May 20, 2015 |
Congrats boss |
Re: Apple Buys Chinedu Echeruo’s Hopstop.com For $1 Billion by gidjah(m): 8:12pm On May 20, 2015 |
He work Hard for D money! |
Re: Apple Buys Chinedu Echeruo’s Hopstop.com For $1 Billion by bobo65(m): 3:33am On May 21, 2015 |
Damn!!!!!!! |
Re: Apple Buys Chinedu Echeruo’s Hopstop.com For $1 Billion by mrbillz(m): 7:53am On May 21, 2015 |
All is well |
Re: Apple Buys Chinedu Echeruo’s Hopstop.com For $1 Billion by Funnybro(m): 12:07pm On Aug 15, 2015 |
An official Apple iOS 8.4.1 Update has been released by Apple to enable the fixing of the long-time observed bug that has left lot Apple music users venting... for more follow the link below; http://www.techvaid.com/apple-bug-finally-fixed-with-the-release-of-apple-ios-8-4-1-update/ |
Re: Apple Buys Chinedu Echeruo’s Hopstop.com For $1 Billion by bobo65(m): 12:22pm On Aug 15, 2015 |
Old news But at least this one won't make ppl yab we igbos |
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