Google is Reportedly Considering Acquisition of Waze

Posted May 24, 2013 at 3:32am by iClarified | Please help us and submit a translation by clicking here | 5121 views

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.

Read More




width=310

Share
Add Comment
NoGoodNick - May 24, 2013 at 4:17am
All you retards can just keep quiet and all you imposters of my name can go to retard hell. I wish you would stop using my name as you are taking my good name and making everyone hate me so just stop it
NoGoodNick - May 24, 2013 at 2:49pm
STFU. Idiot
Follow iClarified
Watchboard Tweak Brings the Apple Watch UI to Your iPhone or iPad [Video]
These Are Amazon's Black Friday Deals
Amazon has unveiled its Black Friday deals on...
Apple's Black Friday Deals Are Now Live Online
Apple's Black Friday deals are now live throu...
Amazon's Thanksgiving Day Deals on Apple Products and Tech
Here's a list of some of the deals Amazon is ...
MacMall's Massive Black Friday Sale Has Over 1000 Deals on Apple Products, Accessories