Google Buys Navigation App Waze for $1 Billion

Google has reached an agreement to acquire navigation app maker Waze in a deal believed to be valued upwards of $1 billion, beating out rivals Facebook and Apple, which were also rumored to be mulling a bid for the startup.

Source: http://feedproxy.google.com/~r/sewblog/~3/uVV5Vu9_ajc/Google-Buys-Navigation-App-Waze-for-1-Billion

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