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 Ford’s 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.

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