Google to Buy Navigation App Waze: Report
Google has reportedly reached a deal to purchase the traffic app Waze. The news comes just a month after reports circulated that Facebook was interested in paying $1 billion for the company.
The Wall Street Journal has the story:
Google Inc. is on the cusp of paying more than $1 billion for navigation and traffic application Waze Inc., said a person familiar with the negotiations, as the Internet giant looks to boost its own navigation offerings around the world…It would bring an end to months of talk surrounding the fate of the five-year-old Waze, which attracted other suitors including Apple Inc. and Facebook Inc. people
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in