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 snaps up Waze to add to mapping service

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.