Map this: Apple in talks to buy Waze for $500M, report says
Apple and social-navigation app maker Waze might soon come to terms on a lucrative deal for the startup.
The iPhone maker is in talks to acquire Waze, TechCrunch is reporting today, citing sources who claim to have knowledge of the negotiations. Those sources say that Waze is looking to net $750 million in the deal, but Apple is so far only willing to offer $400 million in cash and an additional $100 million in earn-outs, based on performance.
Waze is a relatively popular social-navigation app. The service has over 30 million users who share real-time traffic information as they drive … Read more