Google to shop for social traffic app Waze for reportable $1 billion
TEL AVIV, Israel, Gregorian calendar month ten (UPI) -- Google is ready to shop for the Israeli start-up behind the social traffic app Waze for quite $1 billion, Israel's Haaretz newspaper rumored.
The two corporations united in theory to most terms, together with a tag for the navigation app exceptional
$1 billion in money, Haaretz same Sunday.
Waze would retain its freelance identity each as an organization and as a complete, the businesses proclaimed, and each the Waze development center and company head Noam Bardin would stay in Israel for a minimum of 3 years.
The upset Google comes once talks between the Israeli company and Facebook folded. Facebook had wanted to bring the company's operations into its Calif. headquarters and re-brand Waze as a Facebook product, one thing the Israeli company had resisted.
Waze could be a crowd-sourced, mobile-oriented navigation app that uses satellite signals to assemble info from its forty seven million members to come up with maps and traffic information.
Waze is owned by a gaggle of Israeli and foreign investors, United Nations agency along place $67 million into the corporate since it absolutely was supported in 2008.
The two corporations united in theory to most terms, together with a tag for the navigation app exceptional
$1 billion in money, Haaretz same Sunday.
Waze would retain its freelance identity each as an organization and as a complete, the businesses proclaimed, and each the Waze development center and company head Noam Bardin would stay in Israel for a minimum of 3 years.
The upset Google comes once talks between the Israeli company and Facebook folded. Facebook had wanted to bring the company's operations into its Calif. headquarters and re-brand Waze as a Facebook product, one thing the Israeli company had resisted.
Waze could be a crowd-sourced, mobile-oriented navigation app that uses satellite signals to assemble info from its forty seven million members to come up with maps and traffic information.
Waze is owned by a gaggle of Israeli and foreign investors, United Nations agency along place $67 million into the corporate since it absolutely was supported in 2008.
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