Google Buys Waze in Push to Expand in Mobile Mapping
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Google Inc. has acquired map-software provider Waze Inc., seeking to keep competitors such as Facebook Inc. and Apple Inc. from eroding its lead in mobile-navigation programs.
Terms of the deal for Waze, with offices in Israel and Palo Alto, California, weren’t disclosed in Google’s blog post announcing the purchase today. The price was about $1.1 billion, a person familiar with the transaction said earlier this week.