Friday, July 26, 2013

Google paid $966 million for Waze

Google says it paid $966 million to buy an online mapping service known as Waze. 

Google Inc. announced the acquisition of the Israel-based startup. The Associated Press and other media outlets had previously pegged the purchase price at $1 billion, based on information from people familiar with the negotiations who didn't want to be named.

 Google also bought seven other smaller companies for a total of $53 million during the three months in June.

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