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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".

 

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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 SOURCES:Mashable.com

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