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.

@anthony256
Published Mon, Jun 10 2013 4:26 AM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

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".

RumorTT: Google to acquire Waze for $1.3 billion | TweakTown.com

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

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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