In what is the latest example of a tech giant purchasing a startup to bolster mobile operations, Apple Inc. (Nasdaq: AAPL) has set out to  acquire WifiSlam.

The target, headquartered in Palo Alto, Calif., provides indoor maps and allows smartphones to pinpoint locations using Wi-Fi signals present in buildings. The deal comes after Apple received criticism for its maps application after it released the iPhone 5 in September. 

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