Business
Apple Inc. acquired Nigerian Born Chinedu Echeruo’s Hopstop.com For $1 Billion
Tech giant Apple last week acquired Chinedu Echeruo’s HopStop.com.
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.
Echeruo founded HopStop in 2005. Apple’s acquisition of HopStop is seen as Apple’s plan to bolster its map offering.
A serial entrepreneur, 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.
Read more: African Leadership Magazine