Amazing news for
start-up Entrepreneurs! Apple Acquires Nigerian Entrepreneur Chiedu Echeruo’s
Map site, Hopstop.com, though the amount involved is undisclosed we believe it
won’t be anything less than $50million from a modest estimate, though based on
Google’s recent acquisition of Waze an isreali based Map site for $1billion, the
figures might just be higher. We’ll definitely keep you posted once the exact
figures are released.
Chinedu Echeruo grew up in the east, and attended
Kings College in Lagos. He completed his bachelor’s degree from Syracuse
university and went on to Havard Business School for his graduate studies.
He 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.
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