TweakTown
Tech content trusted by users in North America and around the world
5,912 Reviews & Articles | 38,077 News Posts

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

| 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".

 

TweakTown image news/3/0/30949_03_rumortt_google_to_acquire_waze_for_1_3_billion.jpg

 

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.

NEWS SOURCE
Mashable.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases