The rumors were true: Google just officially confirmed in a blog post that it has acquired mapping company Waze with some big plans to integrate the Israel-based company's traffic related features into Google Maps. Google confirmed in the announcement that it has acquired the company but didn't provide any financial details related to the deal.
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.
It's official: Google has acquired Waze. In a post to Google's Official Blog this morning, June 11, 2013, the company announced its acquisition of the popular crowd-sourced social traffic and navigation service, noting that the Israel-based Waze team will, for the time being, remain separate from Google.
Waze - a popular cross-platform, crowd-sourced traffic and navigation service - has been acquired by Google, and will be integrated with its Maps service, the company announced on Tuesday. Google's purchase was revealed on the company's official blog by vice president Brian McClendon, who announced that the Waze development team will remain in Israel and operate separately for the time being.
Yes, the rumors proved to be true-Google has finally acquired Waze, the crowd-sourced traffic application that so many people love. (Facebook and Apple both had reported interest in the company, too.) Mountain View didn't disclose what it paid for the Israeli startup, but Bloomberg reported that the deal was worth $1.1 billion.
Waze investors found their way to Easy Street in little more than five years. With Google purchasing the popular crowdsourced traffic navigation app for $1.1 billion, early Waze investors BlueRun Ventures, Magma Venture Partners and Vertex Venture Capital are enjoying the largest exit any of them have realized in a decade or more.
A A Everyone wants to know: which major tech company is going to acquire Waze, the crowdsourced mapping data company? Well, new reports indicate that it likely won't be Facebook, with AllThingsD reporting that talks between the two companies broke down over whether the Israel-based startup would relocate to Menlo Park, Calif.
We've all been there: stuck in traffic, frustrated that you chose the wrong route on the drive to work. But imagine if you could see real-time traffic updates from friends and fellow travelers ahead of you, calling out "fender bender...totally stuck in left lane!" and showing faster routes that others are taking.
For Waze, mapping software proved to be a road of riches. The company's nine-year journey culminated on Tuesday, when Google agreed to pay a reported $1.03 billion to acquire the company. That price may have been inflated by a bidding war among Google, Facebook and Apple, according to rumors.
Google has purchased Waze, the company that makes the popular social traffic app. Neither company disclosed the terms of the deal, though The New York Times pegged the figure at $1.03 billion. Google confirmed the purchase in a blog post on Tuesday: "The Waze product development team will remain in Israel and operate separately for now.
Early yesterday, Israeli business website Globes.co.il said that Google will acquire social mapping app Waze for $1.3 billion. That report has subsequently been all-but-confirmed by others, including the Wall Street Journal (WSJ), which said the announcement could come this week. The WSJ said that by size Waze would constitute Google's fourth largest acquisition, assuming it comes to pass.
You might have heard that Google ( GOOG) is on the verge of completing its $1.1B acquisition of Israel-based mapping company Waze. On the surface, this could be seen as a surprising move. After all, if there is one company that does not need help with its mapping software, it would be Google.
The tech industry has seen its fair share of acquisition whoppers lately, with Salesforce acquiring ExactTarget for $2.5 billion this month, and Yahoo putting the icing on its acquisition spree by snatching up Tumblr for $1.1 billion. But the news today that Google is buying popular iOS map and na..
SAN FRANCISCO (AP) - Google is buying online mapping service Waze in a deal that keeps a potentially valuable tool away from its rivals while gaining technology that could improve the accuracy and usefulness of its own popular navigation system.
After a multitude of rumors and media reports about a potential acquisition of Israeli crowd-sourced mapping software company Waze in recent months, involving the likes of Google, Apple, Facebook and Microsoft, it turns out that it's the Mountain View-based Internet search and advertising behemoth walking away with the prize.
Google is buying Waze in a $1.03 billion deal that keeps a potentially valuable tool away from its rivals. SAN FRANCISCO: Google is buying online mapping service Waze in a $1.03 billion deal that keeps a potentially valuable tool away from its rivals while allowing it to gain technology that could improve the accuracy and usefulness of its own popular navigation system.
Google officially announced this morning that, yes, it has closed on the Waze acquisition and that Google and Waze will be "outsmarting traffic together." While Google did not confirm the purchase price, it is likely $1.3 billion. Here's the official announcement: We've all been there: stuck in traffic, frustrated that you chose the wrong route on the drive to work.
Waze Google finally purchased Israeli-based social navigation app, Waze. Other interested parties included Apple and Facebook. The amount hasn't been disclosed yet, but multiple reports suggest Waze was sold for more ~ $1 billion. Google is letting Waze's development team remain in Israel, something that Facebook reportedly wouldn't budge on and ultimately ended buyout talks.
A-WAZE-ING: Google Buys Social Mapping App Waze for $1.3 Billion. (Source: Ora TV) Google said Tuesday that it has acquired online mapping company Waze, after intense speculation and reported competition from Facebook and other technology companies. The move to buy an online real-time mapping service is meant to safeguard Google's dominance in one of the most crucial aspects of smartphone usage.
Google has today confirmed that it has acquired social mapping service Waze as it looks to improve Google Maps. The company did not disclose how much it paid for the Israeli startup, but it has revealed that it plans to integrate some of its popular features into Google Maps.
Google plans to integrate Waze's traffic reports into Google Maps Google announced today that it has finally acquired Waze for over $1 billion. Developed by Israeli start-up Waze Mobile, Waze is a free social GPS app that has turn-by-turn navigation to help drivers avoid traffic.
Google acquired Waze to 'outsmart traffic' and find best routes from home to work every day. - Sci/Tech - dna
One of the more persistent acquisition rumors as of late has come true: Google just confirmed that it bought Waze. As many expected, the deal will see
By Todd R. Weiss | Posted 2013-06-11 Email Print A day after rumors swirled about the purchase, Google announces that the deal has been completed. Google is expanding its mapping services with the acquisition of the Waze crowd-based traffic and navigation app for mobile devices.
Following months of (NASDAQ: speculation, Google GOOG ) has officially acquired crowd-sourced traffic data specialist Waze, it announced today. The search giant will integrate Waze into Google Maps in an effort to bolster its traffic information in order to help users plan their routes more effectively.
