Rumours: Google Closing in on US$1.3 Billion Deal for Waze Traffic App
Back in the beginning of the year, we reported a rumor that Apple was looking ahead of acquiring Waze.
The rumor about the Israeli developed app’s fate still hangs in limbo, but this time, it might just happen to be Google – and not Apple or Facebook – who’s going to close the deal. According to Engadget, two papers in Israel are saying the search engine giant is getting closer towards closing in on the deal and for a potential sale price of US$1.3 billion (~RM4 billion), with the company’s development team remaining in Israel after the sale.
Where they will work from is cited from Globe, one of the Israeli newspaper publications who reported the rumor, as one of the chief reasons as to why the deal not just with Apple, but Facebook have fallen through.
For those unfamiliar with Waze, the app generates mapping data in real-time based on its nearly 50 million users and reports of accidents or traffic jams.