Latest in Acquisition

Image credit:

Wi-Gear NOT acquired by Apple


The reports yesterday from 9to5 Mac that Apple had acquired wireless headphone maker Wi-Gear have turned out to be false. Barron's did some checking and emailed Wi-Gear CEO Mark Pundsack who replied:

"The rumor is false. Wi-Gear and its IP are still available for sale."
There has been a lot of speculation about upcoming acquisitions by Apple after Steve Jobs said Apple's $51 billion cash on hand allowed the company to make major acquisitions if it seemed fit, so when the rumor went live, it quickly spread to major news sites and tech blogs, including ours.

Barrons' Eric Savitz said the Wi-Gear story resulted from 9to5 Mac's discovery on LinkedIn that a former Wi-Gear engineer was now employed with Apple. Wi-Gear's website notes that the company "has ceased operations and is no longer in business."

From around the web

ear iconeye icontext filevr