Waze Acquisition Talks Ongoing Amongst Several Companies
Google’s discussions with Waze, which one of the sources told Reuters remained fluid and could change in tenor at any time, come amid reports Facebook is willing to pay $1 billion for the crowd-sourced service, which relies on information provided by its 47 million members to craft its mobile-oriented maps.
A billion dollars is quickly becoming the lower bound for high-profile acquisitions these days. Paying less than that is almost insulting.