According to Wavii's site, the news feed can include status updates about "any topic," whether it be technology, entertainment, politics -- or even a "startup acquisition."
Neither Google nor Wavii have revealed anything publicly, but TC estimated the deal is worth approximately $30 million.
Regardless, it only adds to what could be a growing battle-of-sorts in Silicon Valley right now over what is becoming a highly-contested space: mobile news reader apps.
Both multi-million dollar deals reflect mobile-first strategies for all things news, whether it be from social media channels or traditional news outlets.
Thus, with Google Reader gone and Currents lacking some attention lately (at least on a public level), it is curious as to where Wavii will fit in at the Mountain View, Calif.-based corporation.
The Wavii app is free and available for iOS devices only.
We pinged Google PR for comment, and we'll update this story when we hear back.
UPDATED: A Google representative responded but said that the company does not "comment on rumor or speculation."
Screenshot via Wavii (iTunes App Store)