Author Topic: Facebook to buy Waze for $1b (Read 7321 times)

ChAiM'l · « **on:** May 09, 2013, 05:49:19 AM »

http://techcrunch.com/2013/05/09/reports-facebook-is-buying-social-mapping-and-traffic-app-waze-for-up-to-1b-to-court-more-mobile-users/

ashers · « **Reply #1 on:** May 09, 2013, 07:40:10 AM »

Nothing beats Israeli start up's

Shreknit · « **Reply #2 on:** May 09, 2013, 08:01:50 AM »

Quote from: ChAiM'l on May 09, 2013, 05:49:19 AM

http://techcrunch.com/2013/05/09/reports-facebook-is-buying-social-mapping-and-traffic-app-waze-for-up-to-1b-to-court-more-mobile-users/

Awesome for them some more rich yidden:)

moish · « **Reply #3 on:** June 02, 2013, 12:25:54 PM »

http://www.globes.co.il/serveen/globes/docview.asp?did=1000848099

Am · « **Reply #4 on:** June 02, 2013, 10:50:33 PM »

the most recent app updates were making it more compatible and integrated with Facebook

Dave321 · « **Reply #5 on:** June 03, 2013, 07:19:35 PM »

The CEO of Waze said at a recent event that the rumors are just...... rumors. Until a deal is finalized, its all talk. Dont forget that when the Apple maps fell flat, they offered Waze 500 million and were turned down.

moish · « **Reply #6 on:** June 04, 2013, 06:23:58 AM »

Quote from: Dave321 on June 03, 2013, 07:19:35 PM

The CEO of Waze said at a recent event that the rumors are just...... rumors. Until a deal is finalized, its all talk. Dont forget that when the Apple maps fell flat, they offered Waze 500 million and were turned down.

Quote from: moish on June 02, 2013, 12:25:54 PM

http://www.globes.co.il/serveen/globes/docview.asp?did=1000848099

972sg212 · « **Reply #7 on:** June 09, 2013, 12:26:48 PM »

Google set to acquire Waze for $1.3b

WhiteWolf · « **Reply #8 on:** June 09, 2013, 08:20:08 PM »

Quote from: 972sg212 on June 09, 2013, 12:26:48 PM

Google set to acquire Waze for $1.3b

+1

DovtheBear · « **Reply #9 on:** June 09, 2013, 08:22:56 PM »

Quote from: Cunning on June 09, 2013, 08:20:08 PM

+1

You agree?

WhiteWolf · « **Reply #10 on:** June 09, 2013, 08:40:43 PM »

Yes I agree

Although as mentioned in the article they have a understanding for an agreement. Until it is signed and sealed anything can happen.

Am · « **Reply #11 on:** June 09, 2013, 10:45:57 PM »

Bloomberg reporting $1.1b

Quote from: Cunning on June 09, 2013, 08:40:43 PM

Yes I agree

maybe Bloomberg doesn't agree with your valuation

WhiteWolf · « **Reply #12 on:** June 10, 2013, 02:31:20 PM »

There are conflicting articles with some saying 1.3B and some saying 1B I guess time will tell.

SamKey · « **Reply #13 on:** June 10, 2013, 03:31:41 PM »

It says that the CTO is going to make $78M... Where's the rest going? (Can I have some?)

moish · « **Reply #14 on:** June 10, 2013, 03:45:48 PM »

Quote from: Cunning on June 10, 2013, 02:31:20 PM

There are conflicting articles with some saying 1.3B and some saying 1B I guess time will tell.

whats a few hundred million between friends?

SamKey · « **Reply #15 on:** June 10, 2013, 05:16:36 PM »

www.globes.co.il/serveen/globes/docview.asp?did=1000851449&fid=1725 microsoft is making more than $100M off the deal!

Am · « **Reply #16 on:** June 10, 2013, 07:36:16 PM »

Quote from: SamKey on June 10, 2013, 03:31:41 PM

It says that the CTO is going to make $78M... Where's the rest going? (Can I have some?)

this is from the bloomberg article

Waze was started in Israel and later moved its headquarters and some operations to the U.S. The company’s investors include Redmond, Washington-based Microsoft Corp. (MSFT), people familiar said last month. Waze raised $30 million in 2011 in a funding round led by Kleiner Perkins Caufield & Byers and Hong Kong billionaire Li Ka-shing’s Horizons Ventures Hong Kong. Earlier investors include Qualcomm Ventures, Magma Venture Partners and Vertex Venture Capital in Israel and BlueRun Ventures in Silicon Valley.

mickeyg · « **Reply #17 on:** June 11, 2013, 12:04:01 PM »

Well, it's complete!

http://googleblog.blogspot.co.il/2013/06/google-maps-and-waze-outsmarting.html?m=1

SamKey · « **Reply #18 on:** June 11, 2013, 12:24:26 PM »

The amount has not yet been disclosed. I wonder if they are going to change the appearance of it maybe even have a street view option!

yitzf · « **Reply #19 on:** June 11, 2013, 12:39:46 PM »

Quote from: SamKey on June 11, 2013, 12:24:26 PM

The amount has not yet been disclosed. I wonder if they are going to change the appearance of it maybe even have a street view option!

They won't necessarily do anything yet, they bought it just so Apple (or maybe Facebook) shouldn't get it.
Google map is pretty good as it is, the acquisition was a defensive measure.