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.
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3Comments
Jun 10, 2013 5:14PM
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im glad, better goggle than facebook
Jun 10, 2013 6:34PM
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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
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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 ??

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