Google snaps up Waze to add to mapping service

Waze uses satellite signals from members’ smartphones to generate maps and traffic data, which it then shares with other users, offering real-time traffic info. Photo: Reuters

Google is buying online mapping service Waze in a US$1.03 billion (HK$8.0 billion) deal that keeps a potentially valuable tool away from its rivals while allowing it to gain technology that could improve the accuracy and usefulness of its own popular navigation system.

Wednesday, 12 June, 2013, 2:05pm

Google eyes map-software maker Waze

Waze's mobile app alerts users to potential traffic slowdowns or suggests alternative ways to reach destinations. Photo: Reuters

Google, maker of the Android operating system, is considering buying map-software provider Waze, setting up a possible bidding war with Facebook, people familiar with the matter said.

25 May 2013 - 5:14am

Google, like Facebook, in talks to buy Waze for US$1b: report

Google is considering buying Israeli mobile satellite navigation start-up Waze, which may lead to a bidding war with Facebook, Bloomberg news reported, citing people familiar with the matter.

Waze is seeking more than US$1 billion and is fielding expressions of interest from multiple parties, Bloomberg cited a source as saying.

24 May 2013 - 1:45pm