X

Meet Google's Next $1B Buy

Waze buy thwarts rivals, might raise anti-trust concerns
By Kevin Spak,  Newser Staff
Posted Jun 10, 2013 7:39 AM CDT

(Newser) – Google is close to finalizing one of the biggest acquisitions in its history, with a more than $1 billion deal for the maps and traffic app Waze, the Wall Street Journal reports. Here's what makes the move interesting:

  • Google already has a maps app. You might have heard of it. And that might make anti-trust regulators raise an eyebrow. Google Maps and Waze may remain separate apps, one source says, but they'll share key data. Which means...

story continues below

  • Google Maps is about to get better. Waze's key competency is traffic data, drawing on users' GPS data to learn about its flow.
  • Apple, Facebook out in the cold. Both the rival tech giants have at some point been rumored to acquire the Israeli startup. Microsoft, meanwhile, is an investor in Waze.
  • It's a lot of money. The buy would be Google's fourth-largest ever, behind only Motorola, YouTube, and DoubleClick.
(Read more Google stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X