Google's billion-dollar bet

In this edition of Investor Beat: Google steals Facebook’s thunder with Waze acquisition.

By Motley Fool Investor Beat Jun 10, 2013 4:44PM
Waze is a leading provider of maps and traffic data.  Last month Facebook (FB) was reportedly close to buying Waze for $1 billion --  but that was then, and this is now. 

On Monday, Google (GOOG) was reportedly close to buying Waze for $1.1 - $1.3 billion.  In the lead story on this installment of Investor Beat, our guys analyze what the deal means for Google, why Waze makes much more sense for Google than Groupon -- and how it affects shares of Google’s stock.
Waze.com website screenshot (© Web Pix/Alamy)The Motley Fool’s 12 top stocks for 2013 are now available! So if you’re tired of picking stocks out of a hat and hoping that one skyrockets, check out Stocks 2013: The Investor’s Guide to the Year Ahead. It’s The Motley Fool’s current top report, and includes Chief Investment Officer Andy Cross’s top stock for 2013! This under-the-radar company is the secret winner in the war for the last precious drops of oil on the planet. Find out what it is and how you can take advantage of this unseen company’s huge profits in this special, free report, just click here now.

MSN Money on Twitter and Facebook

Like us on Facebook: MSN Money and Top Stocks

Follow us on Twitter: @msn_money and @topstocksmsn

3Comments
Jun 10, 2013 5:14PM
avatar
im glad, better goggle than facebook
Jun 10, 2013 6:34PM
avatar
Oh Geez...I used Waze the other day here in Lima, Peru, and it worked perfectly! I just hope that once Google buys it they don't go messing something up.
Jun 10, 2013 7:02PM
avatar

Is it really that hard to develop software apps and build programs for use in map making or traffic info..?

 

Or is it easier to waste 1-1.5 Billion to just buy it...Who's really the smarter here ??

Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

112
112 rated 1
288
288 rated 2
479
479 rated 3
645
645 rated 4
644
644 rated 5
653
653 rated 6
638
638 rated 7
483
483 rated 8
288
288 rated 9
123
123 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
ATVIACTIVISION BLIZZARD Inc10
CTSHCOGNIZANT TECHNOLOGY SOLUTIONS10
FOXATWENTY-FIRST CENTURY FOX Inc CLASS A10
ITUBITAU UNIBANCO BANCO MULTIPLO S.A.10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.