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RumorTT: Google to acquire Waze for $1.3 billion

RumorTT: Crowdsourced navigation app Waze is being eyed by Google for a $1.3 billion acquisition
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Jun 10, 2013 9:26 am

If the current reports are true, it looks like Google could be gunning to acquire crowdsourced navigation app Waze for $1.3 billion. The deal isn't final yet, but according to reports, Google agreed to keep Waze workers at their Israel-based development center, and will allow the company to continue their development in Israel "for at least three years".




The deal will reportedly see Waze CEO Noam Bardin continue his top dog position, while Waze will also keep their brand and won't be integrated into Google. There was a bidding war between social network giants Facebook and Google, with Google reportedly getting the +1.


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