Google to acquire Waze for $1.3B

Next Story

Google writes open letter to US government

Google will acquire Waze, the Israeli-based navigation and traffic reporting startup, for about $1.3 billion in an as-yet officially undisclosed deal.  The app has about fifty million users and reportedly, part of the agreement is to leave Waze independent and stationed in Israel.

The deal comes after others have been openly courting the company for purchase.  Both Apple and Facebook were seen sending representatives to Israel to talk to the company’s board.  Of the three companies, however, only Google has an office in Israel and it was said that Waze refused the Facebook deal specifically because the social giant wouldn’t agree to keep the company there.

One persistent rumor that Apple was going to acquire Waze as an insta-fix to its iPhone map problems was found to be untrue when CEO Tim Cook said that they hadn’t bid on the company and were not planning to acquire a third-party app to replace their own mapping software.

Waze was founded in 2009 and has raised about $67 million in startup funds since its inception. The company’s app has one of the largest userbases of any mobile mapping app outside of Google. It’s chief officers could stand to become multi-millionaires with tens of millions each when this deal completes.

This story broke in the Globes Online in Israel.


Zareba Model B10LI 10 Mile Range Low Impedance Electric Fence Controller picture
Zareba Model B10LI 10 Mile Range Low Impedance Electric Fence Controller
 SOFASCO TAC9225115MT 110V AC FAN .1/.08A IMPEDENCE PROTECTED ~190MM picture
SOFASCO TAC9225115MT 110V AC FAN .1/.08A IMPEDENCE PROTECTED ~190MM
Megger BITE3 Battery Impedance Test Equipment  picture
Megger BITE3 Battery Impedance Test Equipment
Fi-Shock 2 Mile Solar Powered Low Impedance Pet Deterrent Fence Energizer Esp2M- picture
Fi-Shock 2 Mile Solar Powered Low Impedance Pet Deterrent Fence Energizer Esp2M-
100er 4.7 uF 400V low ESR Impedance Electrolytic Capacitors E6U4 picture
100er 4.7 uF 400V low ESR Impedance Electrolytic Capacitors E6U4