Google buys Waze in bid to improve mapping services
Google has agreed to acquire Waze, the Israel-based company behind the mapping app Facebook was also reportedly vying for, according to blog posts from both Google and Waze.
The deal, for which terms weren't disclosed, follows months of speculation about who would land the startup. Reports later in the day pegged the price at a little more than $1 billion. In recent days, Google was said to be close to a $1.3 billion deal and that Facebook talks had fallen apart.
The acquisition could help Google improve its own mapping services and put a bigger moat around them … Read more