Google reportedly close to $1.3B acquisition of map app Waze

Google logoAfter months of speculation on who would snap up Waze, Google is reportedly close to acquiring the mobile mapping and navigation company.

The search giant will soon close a $1.3 billion deal for the Israeli startup, according to a report Sunday by the Globes business newspaper in Waze's home country. The acquisition could help the Web giant improve its own mapping services, as well as help prevent encroachment by Facebook, which was reportedly courting Waze last month.

A Google spokesperson declined to comment on the report. CNET has also contacted Waze for comment and will update this report when we learn more.

Google reportedly close to $1.3B acquisition of map app Waze

The company apparently gained Google's attention after the Web giant learned that Facebook was in talks to buy it for as much as $1 billion. However, the two companies reportedly called off acquisition talks last month after failing to reach an agreement.

Founded in 2007, Waze makes a mobile application for getting directions and routing around traffic with the help of other drivers. The app, which is used by 47 million people in 193 countries, uses data provided by the people who use the maps. CEO Noam Bardin has said Waze is Google's only real competition on mobile.

Source: CNET

Tags: Google

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

A mobile hotspot in Australia will be capable of hitting gigabit speeds on the go
A new game could be in the works as Blizzard appears to have been hiring for a Diablo-related project
Nokia CEO Rajeev Suri will speak at MWC 2017
However what if you could go way, way back?
The Helio P15 packs an octa-core Cortex-A53 processor clocked at 2.2GHz
Samsung claims up to 27-percent higher performance or 40-percent lower power
Preliminary data for October shows another Windows 10 boom
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
HP Slate 7 is a 7-inch Android 4 Tablet PC with good sound
A cost-effective, 7-inch tablet PC from a renowned manufacturer
October 25, 2013 / 4

News Archive



Do you use microSD card with your phone?
or leave your own version in comments