Google Confirms Waze Acquisition
Google confirmed reports earlier this week that it has acquired Israel-based satellite-navigation startup Waze, which had been in talks with Facebook until those discussions were reportedly tabled late last month.
Google confirmed reports earlier this week that it has acquired Israel-based satellite-navigation startup Waze, which had been in talks with Facebook until those discussions were reportedly tabled late last month.
Terms were not disclosed, but reports have put the value of the transaction at between $1 billion and $1.3 billion, with a source telling TechCrunch the final tally was $1.1 billion.
One of the major sticking points in the talks between Facebook and Waze was the social network’s intention to shutter the startup’s development center in Israel and relocate some employees to its headquarters in Menlo Park, Calif.,
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