24 May '13, 1am

Report: Google To Bid For Waze — To Shut It Down?

According to a just-published Bloomberg report Google is preparing a bid for Waze. Earlier this month rumors indicating Facebook was in late-stage acquisition talks with Waze for roughly $1 billion appeared online. Other parties (Apple, Microsoft) may now also be interested in the social mapping service. According to the Bloomberg report: Waze is fielding expressions of interest from multiple parties and is seeking more than $1 billion, said one of the people, who asked not to be identified because the talks are private. The Palo Alto, California-based startup might also remain independent, instead seeking to raise a round of venture capital financing, the people said. It’s quite likely that certain Waze investors or insiders originally leaked the Facebook acquisition talks story to various tech blogs and news outlets in an effort to notify other potentially interested par...

Full article: http://searchengineland.com/report-google-to-bid-for-waze...

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