Google Acquires Waze for $1.3 Billion
June 11, 2013 1:56 PM
comment(s) - last by
Google plans to integrate Waze's traffic reports into Google Maps
Google announced today that it has
finally acquired Waze
for over $1 billion.
Developed by Israeli start-up Waze Mobile, Waze is a free social GPS app that has turn-by-turn navigation to help drivers avoid traffic. It's also a community-driven application that draws information from drivers ahead of you, and even learns from users' driving times to provide routing and real-time traffic updates.
Google has now acquired Waze for $1.3 billion and plans to integrate its traffic reports into Google Maps. Google will also allow Waze to use its search capabilities.
"The Waze community and its dedicated team have created a great source of timely road corrections and updates," said Brian McClendon, Vice President of Google's geo-products. "We welcome them to Google and look forward to working with them in our ongoing effort to make a comprehensive, accurate and useful map of the world."
Waze, which is 4-years-old, currently has 47 million users and managed to raise $67 million in funding from companies like Kleiner Perkins Caufield & Byers and Qualcomm Inc.
Just last month, a potential deal between Waze and social networking giant Facebook crumbled when Waze was unwilling to move its engineering team from Israel to the U.S.
Waze CEO Noam Bardin and a small number of Waze employees now operate out of the U.S. headquarters in Palo Alto, California. About 90 other employees stayed in Israel.
Google Official Blog
This article is over a month old, voting and posting comments is disabled
6/11/2013 7:40:30 PM
Why $1.3 billion just to get real-time traffic updates?
6/11/2013 8:25:18 PM
Better than Gmaps in many places?
6/11/2013 8:28:10 PM
It will most likely end up being integrated into google maps and utilize google+
"It's okay. The scenarios aren't that clear. But it's good looking. [Steve Jobs] does good design, and [the iPad] is absolutely a good example of that." -- Bill Gates on the Apple iPad
Report: Google to Drop $1.3B for Waze Navigation Software
June 10, 2013, 7:43 AM
Quick Note: With Windows 10, the Windows Source Hits Build 10,000
January 20, 2015, 2:05 PM
Microsoft Kills "Mainstream Support" Windows 7
January 13, 2015, 1:01 PM
Windows 10's "Spartan" IE11 Variant Will Get Firefox/Chrome-Like Extensions
December 30, 2014, 1:30 PM
Cortana, Xbox App, OneDrive Apps/Settings Backup Added to Windows 10 Build
December 15, 2014, 3:43 PM
Quick Note: Windows Phone Finally Gets Candy Crush Saga
December 13, 2014, 2:03 PM
Next Windows 10 Test Build Likely to Land on Jan. 21, Press Event Announced
December 11, 2014, 5:49 PM
Most Popular Articles
Microsoft Shows Off Latest Windows 10 Build, Preps it for Next Week Release
January 21, 2015, 2:57 PM
IDC: 2014 Sales Show PC Isn't Dead, But Desktop May be Dying
January 19, 2015, 1:50 PM
Police are Using New Handheld Radar Sensors to Peer Into Houses w/out Warrant
January 20, 2015, 1:35 PM
Great Expectations: The Rise and Fall of Google Glass Explorer Edition
January 16, 2015, 1:14 AM
Report: HTC One M9 (2015) is Tied to Under Armour-Powered HTC Smartwatch
January 19, 2015, 11:10 AM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information