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September 26, 2013 07:59 pm GMT
Ford Motors today is announcing the acquisition of Livio Radio, a maker of a platform for in-car apps, with a focus on audio and music services. This is the car-maker's first technology acquisition in 13 years. The Ferndale, MI-based startup -- now a subsidiary of Fords Global Technologies Group -- will continue to operate under the original name. Neither party has disclosed the terms of the deal, only stating that Ford paid less than $10m for the in-vehicle app maker.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/CDbaC_Gh27g/
Ford Buys Automotive App Maker Livio Radio For Less Than $10M'
Ford Motors today is announcing the acquisition of Livio Radio, a maker of a platform for in-car apps, with a focus on audio and music services. This is the car-maker's first technology acquisition in 13 years. The Ferndale, MI-based startup -- now a subsidiary of Fords Global Technologies Group -- will continue to operate under the original name. Neither party has disclosed the terms of the deal, only stating that Ford paid less than $10m for the in-vehicle app maker.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/CDbaC_Gh27g/
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