Google M&A Head Confirms, Defends Billion-Dollar Price Tag for Waze
Don Harrison, Google's vice president of corporate development, confirmed today that the company had agreed to a billion-dollar price for the social mapping app Waze in a deal announced earlier this month.
Don Harrison, Google’s vice president of corporate development, confirmed today that the company had agreed to a billion-dollar price for the social mapping app Waze in a deal announced earlier this month.
“We’re focused on the user experience, so we are willing to pay an aggressive premium sometimes where we think there’s room for user growth,” Harrison said.
Harrison was speaking at a panel on mergers and acquisitions at Bloomberg’s Next Big Thing Summit.
Also on the panel was Ken Hao, managing partner at Silver Lake, a private equity firm that specializes in technology businesses.
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