Stay on Top of Recent M&A's with Breaking News Stories

Mergers & Acquisitions on Ulitzer

Subscribe to Mergers & Acquisitions on Ulitzer: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Mergers & Acquisitions on Ulitzer: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn

Mergers & Acquisitions Authors: Pat Romanski, Bob Gourley, Jim Kaskade, David Skok, Liz McMillan

Related Topics: SEO Journal, SOA & WOA Magazine, Startup Journal, Mergers & Acquisitions on Ulitzer, Google, Mobile Apps and Frameworks


Waze Reportedly Talking to Google Now

The two are in talks that could flounder at any point according to Reuters

Google is reportedly hot to mate with Waze, an Israeli map merchant that's got a mobile satellite navigation application that renders real-time traffic.

The two are in talks that could flounder at any point according to Reuters. But the first talks to hit the rocky shoals were reportedly with Facebook, which was reportedly willing to pay a billion dollars for the crowd-sourced service, which gets its real-time traffic information from the smartphones of 47.5 million members, something Facebook could conceivably do on its own with its million users.

Waze got a term sheet from Facebook according to the Israeli paper Calcalist, along with the demand that the Waze team relocate to California, which stalled their talks.

Facebook was reportedly thinking about offering a billion dollars for the joint,

Google then supposedly horned in wanting to prevent the company from falling into rival hands to protect Google Maps and Facebook dropped out.

Apple also reportedly looked at Waze but wasn't interested.

Reuters says "mapping services are among the five most-used applications on smartphones and are crucial to engaging and retaining mobile users."

Owning, rather than licensing, a mapping service lets the product be tailored and personalized for users.

Waze has raised $67 million in venture capital from Kleiner Perkins, Blue Run Ventures, Hong Kong media and real-estate mogul Li Ka-shing's Horizon Ventures and Qualcomm. Microsoft owns 10.2% of the joint according to Calcalist.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at) or paperboy(at), and by phone at 516 759-7025. Twitter: @MaureenOGara

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.