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Google Interested in Buying Waze, Too

waze

Waze is quite the hot item right now. The social traffic application apparently shot down a buyout bid from Apple and is currently in talks to sell to Facebook for $1 billion. But wait, things get even hotter: apparently Google is interested in bidding on Waze in an effort to knock it out of Facebook’s grasp.

Waze is shopping around for a suitor that’s willing to pay more than $1 billion, Bloomberg said Friday, noting that another possible route is to remain private and raise capital instead. Holding out can be dangerous, however—Groupon once turned down a $6 billion offer from Google and the firm is now worth well below that figure.

Apparently neither Facebook nor Google is “close to clinching a deal” with Waze, Bloomberg said, and any current discussion may quickly dissolve.

Bloomberg

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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