Facebook to buy navigation app Wave - report

Thursday 9 May 2013 | 16:54 CET | News
Facebook is in advanced talks to buy navigation and traffic congestion app developer Waze for up to USD 1 billion, according to multiple reports from Israel, where Waze is based. Apple was earlier rumoured to be interested in Waze, at a price tag of around USD 500 million. The Waze app provides GPS navigation and crowd-sourced updates on congestion, police, traffic cameras, accidents and road hazards. The company has more than 34 million users and expects to reach 70 million by the end of the year. Founded in 2009, Waze raised USD 30 million in October 2012 from Li Ka-Shing's Horizons

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Apple / Facebook / Microsoft / Qualcomm
Countries: Israel / World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


3 Denmark launches Crowdsearch for Roskilde Festival

Published 25 Jun 2015 11:53 CET | Denmark
3 Denmark said it launching the application Crowdsearch in time for this year's Roskilde Festival, to enable spectators to find ...

Google neemt Waze over

Published 12 Jun 2013 06:49 CET | World
Google heeft maker van software voor digitale kaarten overgenomen. Dat maakte het internetbedrijf deze week bekend, maar onbekend ...

Google confirms Waze acquisition

Published 11 Jun 2013 19:37 CET | World
Google has confirmed on its official blog that it closed the acquisition of community-based traffic and navigation app company ...

Google to buy Waze for around USD 1.1 billion - report

Published 10 Jun 2013 08:57 CET | World
Google has agreed to acquire map software maker Waze for around USD 1.1 billion, a person with knowledge of the deal told ...

Facebook no longer in talks to acquire Waze - report

Published 30 May 2013 14:50 CET | Israel
Facebook is no longer in talks to acquire social mapping and navigation company Waze, reports AllThingsD citing unnamed sources ...

Google considering Waze takeover - report

Published 24 May 2013 09:44 CET | World
Google and other large tech companies are considering buying Israeli map software company Waze, setting up a potential bidding ...

'Facebook neemt navigatie-dienst Waze over'

Published 10 May 2013 09:26 CET | Israel
Facebook is een eind op weg in de onderhandelingen om navigatiedienst Waze over te nemen, melden meerdere bronnen in Israël, waar ...

Waze reaches 2.1 million users in Brazil

Published 01 Apr 2013 10:00 CET | Brazil
Crowdsourced traffic information app Waze has surpassed 2.1 million users in Brazil, according to a statement from the company. ...

GSMA announces Global Mobile Awards winners

Published 27 Feb 2013 06:51 CET | World
The GSMA has announced the winners of the 18th Annual Global Mobile awards, held at the GSMA Mobile World Congress in Barcelona. ...

Apple ready to pay USD 500 million for Waze - report

Published 03 Jan 2013 14:47 CET | World
Apple is in talks to buy Israeli start-up Waze Mobile's navigation app for USD 400 million plus USD 100 million in incentives, ...

Waze launches location-based ads

Published 13 Nov 2012 12:06 CET | Israel
Israeli traffic report app company Waze has launched a new location-guided ad platform suitable for both local retailers and ...

Vodafone Spain, Waze launch location, navigation mobile app

Published 30 Oct 2012 11:27 CET | Spain
Vodafone Spain, in partnership with community-based GPS traffic and navigation app Waze, has introduced a free app offering ...

Waze reaches over 20 million users worldwide

Published 08 Jul 2012 20:32 CET | World
Israeli-based navigation app developer Waze has reached over 20 million users worldwide. The company has doubled its user base ...

Waze secures USD 30 mln in funding

Published 19 Oct 2011 08:31 CET | China
Online traffic and navigation company Waze has secured additional funding of USD 30 million. Investing in the round are Horizons ...

Social feedback traffic app Waze raises USD 25 mln

Published 08 Dec 2010 08:58 CET | United States
Waze, a mapping application that combines turn-by-turn directions with information about current traffic and road conditions from ...

Calendar   /   Industry Events

20 Apr Grameenphone Q1 2021
20 Apr Netflix Q1 2021
20 Apr Atos Q1 2021
20 Apr Iridium Communications Q1 2021
20 Apr Apple 'Spring Loaded' event
21 Apr Elisa Q1 2021
21 Apr HKBN H1 results
21 Apr Crown Castle Q1 2021
21 Apr Netgear Q1 2021
21 Apr Orange Belgium Q1 2021
21 Apr Verizon Q1 2021
21 Apr Rogers Communications Q1 2021
21 Apr Comcast Q1 2021
21 Apr Ericsson Q1 2021
21 Apr Vivendi Q1 2021
21 Apr Proximus AGM
22 Apr Tele2 Q1 2021
22 Apr AT&T Q1 2021
22 Apr Orange Q1 2021
22 Apr VeriSign Q1 2021
22 Apr Nordic Entertainment (NENT) Q1
22 Apr Intel Q1 2021
22 Apr Snap Q1 2021
22 Apr FCC meeting
23 Apr Telia Q1 2021
25 Apr Vodafone Qatar Q1 2021
26 Apr SBA Communications Q1 2021
27 Apr A10 Networks Q1 2021
27 Apr AudioCodes Q1 2021
27 Apr Mediaset FY results
::: More Calendar Items