Google is Reportedly Considering Acquisition of Waze
Google is considering a bid to acquire the popular Waze social maps application, reports Bloomberg. Waze is seeking more than $1 billion and is in talks with multiple parties; however, the company also has the option to stay independent and raise a round of venture capital funding.
Google, based in Mountain View, California, and other large tech companies have approached Waze about a possible deal since the Facebook talks became public, people said. None of the bidders is close to clinching a deal and the talks may fall apart, they said. Waze may also walk away from the discussions and use more venture backing to expand its mapping program, which has more than 40 million users.
Previously, it's was reported that Facebook has had talks with the company to acquire it for as much as $1 billion. Apple was also rumored to be interested in Waze.
You can download Waze from the App Store for free.