Google reportedly closing in on $1.three billion deal for Waze visitors app (up to date)

Google reportedly closing in on $1.3 billion deal for Waze traffic app (updated)

Final month information leaked that Fb may purchase crowdsourced navigation / visitors / mapping app Waze, however now two papers in Israel say Google is about to shut the deal. Globes and Calcalist each peg the potential sale worth at $1.three billion US, with the corporate’s improvement workforce remaining in Israel after the sale and never shifting to the US. The place they may work from is cited by Globes as one cause why negotiations might not have labored out with Fb, together with the worth tag. For these unfamiliar with Waze, the app generates mapping knowledge in actual-time based mostly on its almost 50 million customers and stories of accidents or visitors jams.

Replace: To not be overlooked, the Wall Road Journal additionally claims that Google is close to shopping for Waze. The newspaper hears that the Waze app might soldier on whereas Google beefs up its personal mapping app with knowledge from its reported goal. Likewise, Google Maps info might slip into Waze.

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