Google nears $1 billion deal for Waze

“Google Inc. is on the cusp of paying more than $1 billion for navigation and traffic application Waze Inc., said a person familiar with the negotiations, as the Internet giant looks to boost its own navigation offerings around the world,” Amir Efrati reports for The Wall Street Journal.

“The deal, which would be Google’s fourth-largest by dollar value, could be announced as soon as this week, the person said,” Efrati reports. ” It would bring an end to months of talk surrounding the fate of the five-year-old Waze, which attracted other suitors including Apple Inc. and Facebook Inc., people familiar with those discussions have said.”

Efrati reports, “One person familiar with the deal talks said that Waze could remain as a stand-alone app, and its most valuable data could be integrated separately with Google’s own existing maps. Likewise, information from Google Maps could be integrated with Waze, this person said… Apple last year introduced Apple Maps for its own mobile devices, in part by relying on mapping data from companies including Waze, which specializes in showing people shortcuts and routing them around traffic jams and accidents while they’re driving. It is unclear how a Google deal for Waze would affect such relationships. Additionally, given Google’s strength in the digital mapping market, a deal for Waze might draw extra scrutiny from antitrust regulators in the U.S. and abroad.”

Read more in the full article here.

17 Comments

  1. Isn’t the whole point of owning the handset OS, that Google could create this kind of software/system and have it widely adopted overnight?

  2. From what I’d heard, the value in Waze was they developed and owned their own map database. Since Google also had their own maps I wonder if they purchased Waze just to keep that info out of the hands of the competition, i.e. Apple or Facebook.

    1. Could be? I did read an article recently that stated that Waze would be difficult to incorporate into Apple maps. I don’t remember the particulars but it did seem to make sense at the time. So perhaps Apple was never really interested all along?

      1. Apple could have just scraped thier own maps app and replaced it with Waze, or at least used the Waze engine and changed the interface to look like Apple Maps

    1. Waze is awesome so I don’t know what you’re talking about. There is nothing else on the market like it. I use it 66 miles per day and it is never off on its ETA by more than 2 minutes on a 90 minute 1 way commute.

      But if Google buys them, it gets deleted from my phone immediately. I don’t trust Google with my location info which is why I don’t have location services turned on for any Google app on my iPhone.

  3. Goes to show Apple didn’t really need or want Waze. If they did, they surely would have outbid everyone.

    Apple Maps is a better App and will outdo GM everywhere – bet on it.

  4. Apple wasn’t in the running for wake.

    Now, all to often we see Apple injected into a headline or as a runner of some type of service and it is plan Garbage.

    Tim Cook also debunked at all things “D” another service and also said they didn’t even try or want, but headlines said the opposite .

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