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Google (GOOG) is on the verge of closing a $1.3B acquisition of Waze, according to Globes. Talks...

Google (GOOG) is on the verge of closing a $1.3B acquisition of Waze, according to Globes. Talks with Facebook (FB) fell apart in late May over location issues. Apple (AAPL) was also thought to be a suitor of the mobile navigation app provider until Tim Cook said otherwise.
Comments (21)
  • ems-99
    , contributor
    Comments (160) | Send Message
     
    Probably not if the EU or the US feels the combination with Google maps creates a percentage that will be a competition issue.
    9 Jun 2013, 11:00 AM Reply Like
  • Davidoff
    , contributor
    Comments (287) | Send Message
     
    EU has nothing to say regarding an acquisition of an Israeli company by an American corporation. While an opposition issued by the US Government is very unlikely in wake of all the commercial agreements between the US and Israel.
    9 Jun 2013, 11:11 AM Reply Like
  • rocback
    , contributor
    Comments (974) | Send Message
     
    Apple has more money than Google to buy Waze. The fact that they passed and are not interested tells me they have better plans.
    9 Jun 2013, 11:25 AM Reply Like
  • Kurt Windibank
    , contributor
    Comments (1162) | Send Message
     
    Lol...yeah...iwaze....... iMaps
    9 Jun 2013, 11:44 AM Reply Like
  • gwynfryn
    , contributor
    Comments (3886) | Send Message
     
    Stop it Kurt; my ribs are hurting!
    14 Jun 2013, 09:30 AM Reply Like
  • ems-99
    , contributor
    Comments (160) | Send Message
     
    Is Waze worth 1.3B? How may ways can we spell Google is way over paying?
    9 Jun 2013, 11:55 AM Reply Like
  • css1971
    , contributor
    Comments (870) | Send Message
     
    Google already does everything Waze does anyway. They might as well burn the money if they really are buying the company. Seems unlikely to me.
    9 Jun 2013, 02:50 PM Reply Like
  • Tales From The Future
    , contributor
    Comments (4096) | Send Message
     
    Can't be much worse than the billions GOOG wasted on Motorola Mobility :)
    9 Jun 2013, 08:57 PM Reply Like
  • gwynfryn
    , contributor
    Comments (3886) | Send Message
     
    It's down to what the market dictates; FB were rumoured to be willing to pay 1.1B$, and to my mind Google are on a winner, for not only have they bought stuff that complements their own maps, they have also gained from denying a competitor to FB, which would have watered down their own value. So win-win.

     

    As for absolute value, Waze does look easier to monetise than anything else I've seen (you're in a strange town; you want to eat, buy fuel, a phone card, whatever, and not only do you find it immediately, so does the advertiser know he just got his money's worth!) so I expect they'll get their money back in time, and to Google, how long it takes doesn't really matter...
    14 Jun 2013, 09:38 AM Reply Like
  • Smiannarone
    , contributor
    Comments (30) | Send Message
     
    One more successful app being bought at premium never to return the investment.. Google maps is better anyway.. Apple passed because there are better places to spend the money and facebook dodged a bullet. Google.... Really doesn't need waze
    9 Jun 2013, 12:08 PM Reply Like
  • trombenik
    , contributor
    Comments (17) | Send Message
     
    I will miss Waze, but google knows too much about me as it is already.
    9 Jun 2013, 12:12 PM Reply Like
  • scott trader
    , contributor
    Comments (4529) | Send Message
     
    All Gmail is scanned by google to collect info...
    9 Jun 2013, 01:50 PM Reply Like
  • css1971
    , contributor
    Comments (870) | Send Message
     
    You mean they (and apparently the NSA) will know everything you've ever searched for, everything you've ever watched on youtube, everything you've ever emailed, who all your contacts are, and exactly
    where you are at any point in time?

     

    Nothing to worry about. Tinfoil hat stuff.

     

    (p.s. I'm biased on the mobile stuff, long NOK)
    10 Jun 2013, 10:46 AM Reply Like
  • sduris
    , contributor
    Comments (554) | Send Message
     
    AAPL didn't pass on Waze. If you recall - I don't remember if it was earlier this year or late last year - they were courting them. Waze got greedy so discussions went south. I assume the same happened with FB. I love my Waze app, but to be honest, lots of kinks that need to be worked out that a larger player could help with. I didn't think Waze was looking for exit strategy. They should try to build out and compete with GOOG. Would be fun to watch.
    9 Jun 2013, 02:16 PM Reply Like
  • HCube
    , contributor
    Comments (43) | Send Message
     
    May be overpaying, but isn't this just Goog buying out its competition with their massive load of unused cash?
    9 Jun 2013, 05:08 PM Reply Like
  • gwynfryn
    , contributor
    Comments (3886) | Send Message
     
    Right, HC, and also denying it to others.
    14 Jun 2013, 09:40 AM Reply Like
  • satkaru
    , contributor
    Comments (25) | Send Message
     
    All google purchases turned hugely popular.. YouTube, Android.. they know what they are doing... Waze would be a huge buy for Google, if they can pull it off. First - FB and Apple will be done for good.. and goog will add the social updates that waze is good with..
    9 Jun 2013, 06:22 PM Reply Like
  • positivethoughts
    , contributor
    Comments (1811) | Send Message
     
    If the U.S. government is spending 80 billion per year to fish amongst all the data collected on Americans and foreigners, and if companies such as Google and Microsoft are providing that data, how much is Google earning from the U.S. government to provide the data? Where are these earnings being reported? Are they being reported? How are the officers of the company, who authorize this, being compensated?
    9 Jun 2013, 06:42 PM Reply Like
  • gwynfryn
    , contributor
    Comments (3886) | Send Message
     
    Good questions all, pos!
    14 Jun 2013, 09:41 AM Reply Like
  • bgold1955
    , contributor
    Comments (1939) | Send Message
     
    Waze depends on accumulating data from drivers and to me, appears to be fine in heavily populated areas but not quite as accurate in more rural areas. But I suppose it is only a matter of time. Kinda had the same issues with aapl and goog maps. 1.3b is pricey but goog obviously feels it is necessary.
    10 Jun 2013, 07:48 AM Reply Like
  • gwynfryn
    , contributor
    Comments (3886) | Send Message
     
    Good point, bg, but then, the function won't be of any use if there are no shops, restaurants, whatever, to make use of...
    14 Jun 2013, 09:43 AM Reply Like
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