A PYMNTS Company

US/Israel: Google looks like winner over Facebook for mapping app Waze

By  |  June 10, 2013

Google appears to be the winner in the battle to buy Waze, a social mapping phone application that was originally eyed by Facebook. According to reports, Google has reached an agreement with Waze in a $1.1 billion deal. The app, based in Israel, offers real-time mapping services to users and crowd sources information to offer its customers a more accurate mapping, traffic and navigation program. Google currently dominates the online mapping market.

Full Content: ABC News

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.