Global: Amazon Buys start up UpNext
Amazon is acquiring 3D mapping startup UpNext. The purchase price by Amazon was not revealed.
In 2011 UpNext secured $500,000 in funding from a private group of investors. It is believed that investors have recuperated up to five times their initial investment.
Some analysts believe the move is an attempt by Amazon to reboot its Amazon Kindle Fire, Before this acquisition the Amazon Kindle Fire was only able to provide maps over a Wi-Fi connect.
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