“Facebook is in talks to buy Israeli crowdsourced traffic and navigation app, Waze, for $1 billion.,” Peter Cohan reports for Forbes. “But should Apple get back into the bidding?”
“Last year, Apple had some problems with Apple Maps – the flawed mapping software with which it decided to replace Google Maps. And this January, Apple was in talks to acquire Waze for a reported $500 million.,” Cohan reports. “That deal might have helped Apple get an edge in giving iPhone and iPad users access to real-time traffic information to go along with their maps.”
Cohan reports, “Now Israel’s Calcalist reports that Facebook is in talks to acquire Waze for a price between $800 million and $1 billion; both companies have signed a term sheet; and Facebook is doing due diligence. Apple could come back to Waze but unless Tim Cook offers a much higher offer than Facebook — one it can certainly afford — a meeting of the minds is unlikely. That’s because Waze CEO Noam Bardin does not appear to be eager to team up with a company that is in his mind a model for failure.”
Read more in the full article here.
MacDailyNews Take: Heckuva job, Scottie. As we foretold, the stench of failure that you left on Apple Maps lingers persistently.
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Waze CEO: Apple Maps ‘would have been an amazing product’ two years ago – April 15, 2013
Apple’s Maps debacle give big boost to Waze – February 27, 2013
Apple did offer to buy Israeli startup Waze, but Waze politely declined, sources say – January 4, 2013
Tim Cook open letter: We fell short with new Maps app; we are extremely sorry – September 28, 2012
Waze CEO: Apple going ‘thermonuclear’ on Google Maps – June 15, 2012
Apple using Waze data in new iOS 6 Maps – June 13, 2012
