REPORT: Google Beats Out Facebook For Waze In Deal Valued At $1.3B

By David Cohen 

Reports out of Israel indicate that satellite-navigation startup Waze, which had been in talks with Facebook, will instead be acquired by Google in a transaction valued at about $1.3 billion.

Israeli business news site Globes reported on the news, saying that Google’s willingness to allow Waze to retain its operations in Israel was a major factor.

Facebook indicated in talks between the two companies that it wanted to shutter Waze’s development center in Israel and move some of its employees to the social network’s headquarters in Menlo Park, Calif.

Google, meanwhile, made no such demands, according to Globes, which added that Google has already acquired two Israeli-based companies, as well as establishing an office in the country.

Apple has come up in several reports as a Waze suitor, as well, but the company has repeatedly denied that it was involved in talks.

According to Globes, the Google deal will net Waze Chief Technology Officer Ehud Shabtai $78 million, President Uri Levine $38 million, and Vice President of Research and Development Amir Shinar and his brother, Gili Shinar, a total of $65 million.

Readers: If the report from Globes is confirmed, are you surprised that Google was able to beat out Facebook for Waze?