Google's official word: Waze cost $966M
posted by Michael H. / Jul 26, 2013, 10:21 PM
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.
Posts: 299; Member since: Oct 21, 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 Jul 26, 2013, 10:30 PM 3
Posts: 179; Member since: Nov 07, 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 Jul 26, 2013, 11:02 PM 0
Posts: 2155; Member since: Oct 29, 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 Jul 27, 2013, 4:52 AM 4
Posts: 1; Member since: Jul 28, 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 Jul 28, 2013, 12:05 PM 0
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