Waze Mobile was acquired by Google in June 2013. The app generates revenue from hyperlocal advertising to an estimated 130 million monthly users.
In June 2013, Google bought Waze for $966 million. Waze’s 100 employees received about $1.2 million on average, the largest payout to employees in Israeli high tech. When did Google buy Waze?
Does Google own Waze?
“In June 2013, we completed our acquisition of Waze Limited (Waze), a provider of a mobile map application which provides turn-by-turn navigation and real-time traffic updates powered by incidents and route information submitted by a community of users, for a total cash consideration of $966 million,” Google wrote in the filing.
Another common inquiry is “How much did Google Pay for Waze?”.
(Image credit: Getty Images via @daylife) Google announced Tuesday that it has acquired Israeli mapping service, Waze, without disclosing what had been reported as its $1.3 billion price tag.
Is Google about to pull the plug on Waze?
Ever since Google acquired Waze, the popular community-powered navigation app, for a cool $1.2 billion in 2013, there’s been speculation that the tech behemoth would one day pull the plug on the plucky GPS tool with over 100 million active monthly users.
Two Israeli venture capital firms, Magma and Vertex Ventures Israel, and an early-stage American venture capital firm, Bluerun Ventures, provided funding. Waze Mobile was acquired by Google in June 2013.
“FTC will not challenge Google’s $1 billion Waze acquisition”. ^ “Google acquisition of Waze traffic app sparks OFT inquiry”. ^ “Israel’s antitrust panel taking a look at Google-Waze merger”.
What happened to the Waze app?
Try refreshing the page. The popular Waze app just lost a major point of differentiation. Ever since Google acquired Waze, the popular community-powered navigation app, for a cool $1.2 billion in 2013, there’s been speculation that the tech behemoth would one day pull the plug on the plucky GPS tool with over 100 million active monthly users.
What happened to Waze?
In June 2013, Waze introduced a global localization project that enables future road closures and real-time traffic updates during major events in a given country, for example Tour de France . Google also acquired Waze in the same month. At the time of Google’s acquisition, there were nearly 50 million Waze users.
What is Waze on Google Maps?
Google acquired Waze in June 2013 and now Google Maps users can get help avoiding traffic jams and accidents due to Waze., the i OS and Android Google Maps update now shows traffic reports from the Waze community.