Google is rumored to be the start-up Waze to take over, a maker of a free navigation service for iOS and Android. The internetgigant would have $ 1.3 billion left for the company. There were long time rumors about a possible acquisition.
That reports the Israeli newspaper Globes, which is based on unspecified sources. The Wall Street Journal confirms the news. For the acquisition would be Google an amount of 1.3 billion dollars down. According to Globes, there were also conversations with Facebook and Apple, but would those companies have for sale apart because of the high price Also would Facebook not want to go into the requirement to the employees of Waze in Israel, while Google here responded to wanted to give. Google already has an office in Israel.
It is unclear what Google wants with Waze, but it is likely that the technology and employees to be used for the navigation service that Google already offers through Maps. The internetgigant offers, like Waze, a free turn-by-turn navigation for mobile devices. Waze is already available for Android and iOS.
Waze makes use of cards that anyone can be adjusted. Information is displayed on, for example, gasoline prices and amount of traffic on the road. Also, speed traps are shown on the map.
