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Google's official word: Waze cost $966M

Posted: , by Michael H.

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Google's official word: Waze cost $966M
The official numbers had been kept a secret until now. Early estimates for what Google paid to acquire social mapping/navigation company Waze had put the purchase in the $1.1 to $1.3 billion range. But, it turns out Google beat out Facebook and Apple with a bid that came in under $1 billion.

According to Google, the final bill to purchase Waze and acquire the development team behind the app is just $966 million. That may seem like a deal compared to the amounts that were rumored, but to be fair, Google had the inside track on the acquisition. The CEO of Waze had been on record as far back as January saying that he thought Google would be the best fit for an acquisition. 

Google has said that it plans to integrate some Waze features into Google Maps, and integrate Google search (and likely ads) into Waze, while keeping the company somewhat separate and autonomous. 

source: AP via BGR

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posted on 26 Jul 2013, 22:30 3

1. xtremesv (Posts: 298; Member since: 21 Oct 2011)

Google is trying to devour competition... this wouldn't be the first time a monstrous company buys a lesser one to suck its life. I really liked Waze without ads and privacy invasion :(

posted on 26 Jul 2013, 23:02

2. milesboy5 (Posts: 179; Member since: 07 Nov 2012)

I totally agree with you. I think that google was worried about waze and therefore being the behemoth google is they bought out waze. Which stinks because now privacy will go out the window.

posted on 27 Jul 2013, 02:16 4

3. joey_sfb (Posts: 6540; Member since: 29 Mar 2012)

If you are worry stop using waze/google. So far google is the lesser evil between M$ and Apple. Nevertheless still evil. HAHAHAA!!...

posted on 27 Jul 2013, 11:35

5. marbovo (Posts: 658; Member since: 16 May 2013)

I completely agree with you, Waze was way better by themselves

posted on 27 Jul 2013, 04:52 4

4. _Bone_ (Posts: 2155; Member since: 29 Oct 2012)

Google is interested in the community building of Waze and not necessarily in destroying competition, Google Maps is already the most popular anyway and Waze was never going to be a billion device service. This is similar to buying patents, the method of user live map update is essential for Google's future and all will benefit from it while Waze will go on at least for a couple of years separately.

posted on 28 Jul 2013, 12:05

6. Killifornia (Posts: 1; Member since: 28 Jul 2013)

First of all if you are worried about privacy you really shouldn't own a cell phone let alone a smartphone. No amount of changes to your settings will ever stop an app or the government from accessing you information. Secondly the aquisition of Waze will do nothing but improve both programs. Conspiracy theorys on these things are a useless waste of time.

posted on 29 Jul 2013, 11:50

8. Stuntman (Posts: 836; Member since: 01 Aug 2011)

Google actually improved Waze by adding Google search. Instead of using crappy Bing, I can actually find most of the places I am searching for with Google.

posted on 29 Jul 2013, 08:24

7. buccob (Posts: 2714; Member since: 19 Jun 2012)

Money well spent... unlike Moto...

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