“Google Inc., maker of the Android operating system, is considering buying map-software provider Waze Inc., setting up a possible bidding war with Facebook Inc., people familiar with the matter said,” Douglas MacMillan, Brian Womack and Ari Levy report for Bloomberg News.
“Waze is fielding expressions of interest from multiple parties and is seeking more than $1 billion, said one of the people, who asked not to be identified because the talks are private,” MacMillan, Womack and Levy report. “The Palo Alto, California-based startup might also remain independent, instead seeking to raise a round of venture capital financing, the people said.”
MacMillan, Womack and Levy report, “Facebook, based in Menlo Park, California, has held talks to buy Waze for as much as $1 billion, two people familiar with the matter said earlier this month… Apple Inc. (AAPL), which distributes a competing mapping tool, is not currently part of the discussions, a person with knowledge of the matter said.”
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