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Google reportedly mulling $1B Waze bid, could spark bidding war with Facebook

post #1 of 42
Thread Starter 
According to Bloomberg sources, Google is looking to throw in a $1 billion bid for Waze, possibly portending a bidding war between the search giant and Facebook, which is also rumored to be eyeing an acquisition of the social mapping service.

People familiar with the matter told Bloomberg that Waze is managing "expressions of interest" from multiple parties, and is targeting a selling price of at least $1 billion. Alternatively, the firm may seek venture capital financing in order to stay independent.

Waze


A report earlier in May claimed Facebook was in talks to pick up Waze, with the purchase positioning the social network to enter an already cramped market led by Google Maps. Facebook's bid was also said to be around $1 billion.

The sources went on to say that Google only approached Waze after chatter of the Facebook bid went public, suggesting the tech monolith is looking to block Facebook from entering the mapping game.

The publication notes that a deal is far from being reached, and talks may fall apart as Waze's user base is substantial enough to raise funding privately. As of April, Waze had over 40 million people using its service.

In January, Apple too was rumored to be interested in purchasing the startup to bolster its iOS Maps app, but the claims turned out to be false. Sources on Thursday confirmed the Cupertino, Calif., company is not currently part of the talks.

As for Waze's existing investors, the company managed to successfully raise $30 million in a 2011 funding round led by Kleiner Perkins Caufield & Byers and Horizons Ventures Hong Kong. Microsoft is also said to be an investor, as is Magma Venture Partners, Vertex Venture Capital and BlueRun Ventures.

The iOS app is free to download from the App Store, and features TomTom-like functionality like automatic reporting of traffic data. Social aspects include community-generated real-time routing, live maps and an accident reporting system, among others standard navigation features.
post #2 of 42

...but, but, but Google maps are already perfect.

 

Why would they need to buy another mapping company?

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post #3 of 42
Quote:
Originally Posted by hill60 View Post

...but, but, but Google maps are already perfect.

 

Why would they need to buy another mapping company?


I was thinking similar.  Not that Google maps was perfect, but what was the point of them buying something else?

post #4 of 42

heavy rain in NYC  today - roads and flooding everywhere, did a control at 5:56pm ET (so sick of the google PR spin map spin machine and sad pathetic "journalists" ) and saved to photos. Once again, since the beginning, I used Apple Maps to get me home. Clean & simple. Tufte would be proud.

 

 

post #5 of 42

Typical of Google &/or Facebook to spend a billion for something worth orders of magnitude less.

Remember Motorola?

post #6 of 42
Quote:
Originally Posted by realwarder View Post


I was thinking similar.  Not that Google maps was perfect, but what was the point of them buying something else?

Agree. What would Waze have that they (1) want and (2) are willing to pay that much to get? They would have to know Apple isn't interested at that price point and I can't imagine it would be just to keep it out of Facebook's hands? Are they really a threat? What even would Facebook do with them?

post #7 of 42
Quote:
Originally Posted by TheUnfetteredMind View Post

Quote:
Originally Posted by realwarder View Post


I was thinking similar.  Not that Google maps was perfect, but what was the point of them buying something else?

Agree. What would Waze have that they (1) want and (2) are willing to pay that much to get? They would have to know Apple isn't interested at that price point and I can't imagine it would be just to keep it out of Facebook's hands? Are they really a threat? What even would Facebook do with them?

Simple Google wants to keep it out of the hands of anyone else as it could rival their own offerings. Purely defensive.

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post #8 of 42
Google, Don't make me have to uninstall Waze!
post #9 of 42

Does anyone else think the "but, but, but" thing needs to stop.  It seems to come up at least once in every thread, sometimes more.  It's overplayed so please stop.

post #10 of 42
I think Apple needs this, or foursquare.
Buying foursquare would be amazing.
post #11 of 42
side bar: what i think apple needs to do is buy a carrier. or bandwidth and have mobile services thats caters specifically to ios
post #12 of 42
Quote:
Originally Posted by Jivanile View Post

Does anyone else think the "but, but, but" thing needs to stop.  It seems to come up at least once in every thread, sometimes more.  It's overplayed so please stop.

But, but, but...
Quote:
Originally Posted by jsmythe00 View Post

side bar: what i think apple needs to do is buy a carrier. or bandwidth and have mobile services thats caters specifically to ios

Apple doesn't want to deal with carrier headaches. Bandwidth is interesting but then they would need another antenna.
post #13 of 42

Come on Facebook, come up with Search similar to google search!  It is the matter of eating business from google no matter how far it goes! 
 

post #14 of 42
Quote:
Originally Posted by hill60 View Post

...but, but, but Google maps are already perfect.

 

Why would they need to buy another mapping company?


Because strong competition, particularly  from competing spies,  they don't need.

Fight away spies, you have lots of advertiser cash to waste.

post #15 of 42
Quote:
Originally Posted by buckalec View Post

 I used Apple Maps to get me home. Clean & simple. Tufte would be proud.

 

Oh my, yes Google maps is a mess. Far to difficult to read  when you are driving.

post #16 of 42
Quote:
Originally Posted by Jivanile View Post

Does anyone else think the "but, but, but" thing needs to stop.  It seems to come up at least once in every thread, sometimes more.  It's overplayed so please stop.

 

...but, but, but, it indicates a level of sarcasm even Americans seem to understand, sort of like a waiter walking into a scene with a tray of cream pies or some other variation of slapstick which Americans seem overly fond of.

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Better than my Bose, better than my Skullcandy's, listening to Mozart through my LeBron James limited edition PowerBeats by Dre is almost as good as my Sennheisers.
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post #17 of 42
Quote:
Originally Posted by mstone View Post

Simple Google wants to keep it out of the hands of anyone else as it could rival their own offerings. Purely defensive.
Yep. And I'm sure they'll throw how ever much money it takes to make sure no one else snaps up Waze,
post #18 of 42
Quote:
Originally Posted by Rogifan View Post


Yep. And I'm sure they'll throw how ever much money it takes to make sure no one else snaps up Waze,

 

..and Apple could easily outbid Google if they wanted to. They've got a shitload more money. The question is only whether they feel they need Waze or not. Maybe I'm speaking from ignorance, but when it comes to POIs Apple needs all the help it can get. Foursquare would be even better. 


Edited by Slurpy - 5/23/13 at 9:31pm
post #19 of 42
Quote:
Originally Posted by helicopterben View Post

Come on Facebook, come up with Search similar to google search!  It is the matter of eating business from google no matter how far it goes! 
 

Couldn't agree more.  Facebook should do a search box like Google+ and start providing users with combined searches of social network and web-based searches. Until that happens, Facebook will continue to be stuck in the 90's with shitty irrelevant ads that no one clicks on.

post #20 of 42

Apple would be a lot better off if it released its maps for Android and desktop.  I hope that is coming sometime soon. I'm afraid that developers will all use Google because they can easily distribute their software on multiple platforms.  

 

Apple would ruin Waze if it purchased it, because Waze needs large numbers and limiting it to Apple would limit the number of people that would play the dumb games.

post #21 of 42
Quote:
Originally Posted by hill60 View Post

...but, but, but, it indicates a level of sarcasm even Americans seem to understand, sort of like a waiter walking into a scene with a tray of cream pies or some other variation of slapstick which Americans seem overly fond of.
Hey! Watch it! I resemble that remark!

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post #22 of 42
Quote:
Originally Posted by hill60 View Post

...but, but, but, it indicates a level of sarcasm even Americans seem to understand, sort of like a waiter walking into a scene with a tray of cream pies or some other variation of slapstick which Americans seem overly fond of.

This isn't the 1930s. When was the last time you saw an American sitcom where cream pies were utilized as a gag?

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post #23 of 42
Quote:
Originally Posted by hill60 View Post

...but, but, but, it indicates a level of sarcasm even Americans seem to understand, sort of like a waiter walking into a scene with a tray of cream pies or some other variation of slapstick which Americans seem overly fond of.

...even Americans? As opposed to what Martians?
Been using Apple since Apple ][ - Long on AAPL so biased
nMac Pro 6 Core, MacBookPro i7, MacBookPro i5, iPhones 5 and 5s, iPad Air, 2013 Mac mini, SE30, IIFx, Towers; G4 & G3.
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Been using Apple since Apple ][ - Long on AAPL so biased
nMac Pro 6 Core, MacBookPro i7, MacBookPro i5, iPhones 5 and 5s, iPad Air, 2013 Mac mini, SE30, IIFx, Towers; G4 & G3.
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post #24 of 42
I liked a comment I saw on Twitter: Google is interested in Waze to shut it down.
post #25 of 42

I use Waze a lot. I like it. Although it has it's problems in NYC. If Crapbook buys them I am gone for good. 

post #26 of 42
Quote:
Originally Posted by hill60 View Post

...but, but, but Google maps are already perfect.

Why would they need to buy another mapping company?

It does not need to buy Waze. This is either to drive the price up on Facebook or to keep Facebook from acquiring Waze. A Facebook mapping service likely would put a hit on Google Maps. It would be sad for Waze if Google acquires it.
post #27 of 42
Quote:
Originally Posted by massconn72 View Post

I use Waze a lot. I like it. Although it has it's problems in NYC. If Crapbook buys them I am gone for good. 

If it is independently run, you should not care. Moreover, since Waze relies on social interaction Facebook could make it stronger.
post #28 of 42
Quote:
Originally Posted by jsmythe00 View Post

side bar: what i think apple needs to do is buy a carrier. or bandwidth and have mobile services thats caters specifically to ios

Yes, and I wonder how that would go over with the other carriers selling Apple's iPhone. Never going to happen.
post #29 of 42
Quote:
Originally Posted by ash471 View Post

Apple would be a lot better off if it released its maps for Android and desktop.  I hope that is coming sometime soon. I'm afraid that developers will all use Google because they can easily distribute their software on multiple platforms.  

Apple would ruin Waze if it purchased it, because Waze needs large numbers and limiting it to Apple would limit the number of people that would play the dumb games.
Apple will not release an Android App. Why should it? It doesn't need the money or the headaches.

Please, what are the download numbers for Waze on the App Store and Google Play?

Quote:
Originally Posted by SolipsismX View Post

This isn't the 1930s. When was the last time you saw an American sitcom where cream pies were utilized as a gag?

I remember an ep of Three's Company.
post #30 of 42
Quote:
Originally Posted by jungmark View Post
Please, what are the download numbers for Waze on the App Store and Google Play?
I remember an ep of Three's Company.

oooohhh. . .

that was the 50's right?1wink.gif

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post #31 of 42
Quote:
Originally Posted by hill60 View Post

...but, but, but, it indicates a level of sarcasm even Americans seem to understand, sort of like a waiter walking into a scene with a tray of cream pies or some other variation of slapstick which Americans seem overly fond of.

I've heard Australians are bigots, I wonder where they got that from?.. At least America makes their money by creating things people want, like Apple products. Australia makes money by selling rocks. I guess that makes them dumber than rocks?..
post #32 of 42
Originally Posted by Jivanile View Post
Does anyone else think the "but, but, but" thing needs to stop.  It seems to come up at least once in every thread, sometimes more.  It's overplayed so please stop.

 

But but but… no, it doesn't. Not by a long shot. "once in every thread"? How many threads are you reading?


Originally Posted by SolipsismX View Post
This isn't the 1930s. When was the last time you saw an American sitcom where cream pies were utilized as a gag?

 

I miss the Three Stooges… 


Originally Posted by daveinpublic View Post
I've heard Australians are bigots, I wonder where they got that from?.. At least America makes their money by creating things people want, like Apple products. Australia makes money by selling rocks. I guess that makes them dumber than rocks?..

 

… He was joking.

Originally Posted by helia

I can break your arm if I apply enough force, but in normal handshaking this won't happen ever.
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Originally Posted by helia

I can break your arm if I apply enough force, but in normal handshaking this won't happen ever.
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post #33 of 42
Quote:
Originally Posted by hill60 View Post

Why would they need to buy another mapping company?

 

Quote:
Originally Posted by realwarder View Post


I was thinking similar.  Not that Google maps was perfect, but what was the point of them buying something else?

 

OK, WAZE is not a mapping program.  It is a community traffic/GPS program.  The map underneath is just reference.  They do real time traffic reporting from data gathered from those driving and marking objects such as car on side of road, accidents, police, etc.  This is something Apple announced they were going to do on iOS 6 with their map app, the community traffic/GPS thing.  

 

As for topic. NNNNOOOOOOOO!!!!!  both corps would destroy a great little program.  I don't have to worry about personal data going bye bye, or ad's while I am trying to drive (yes sometimes get one now when the vehicle is close to a place and is stopped at a light or something), but not like it would be if Google got their hands on it.  

 

As for WAZE - I use it every day back and forth to work, trips, and any other time I drive my vehicle.  It's like a driving module that needs to turned on before starting the vehicle.  It's nice to see what is ahead such as traffic jams, cops, weather, etc.  If they do sell to either, I will be finding another program to do what it does.  

You don't want to make me curmudgeon, you would not like me when I am curmudgeon.  I go all caps, bold, with a 72PT font and green lettering.  

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You don't want to make me curmudgeon, you would not like me when I am curmudgeon.  I go all caps, bold, with a 72PT font and green lettering.  

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post #34 of 42
Quote:
Originally Posted by hill60 View Post

 

...but, but, but, it indicates a level of sarcasm even Americans seem to understand, sort of like a waiter walking into a scene with a tray of cream pies or some other variation of slapstick which Americans seem overly fond of.

I understand why it's used it's just over played.  It was fine when it was used the first or second time on this website but it's just done over and over now.  It's rather annoying.

Quote:
Originally Posted by Tallest Skil View Post

 

But but but… no, it doesn't. Not by a long shot. "once in every thread"? How many threads are you reading?

 

I miss the Three Stooges… 

 

… He was joking.

Go and read comments in any story that has ties to Apple and Either Google or a Android manufacturer and you will see multiple but but but comments.  I did figure you would be against it going away seeing that you use it.  I wonder if you were one of those people that said WASSSSSUPPPPPP while wagging your tongue a year after those bud light commercials aired on TV many years ago.

post #35 of 42
Originally Posted by Jivanile View Post
…any story… 

 

Again, no. It happens (far less frequently as of late), but not nearly "any story". 


I did figure you would be against it going away seeing that you use it.

 

I'm pretty sure I started it, in fact. lol.gif It's not that I'm not against it going away—we can agree not to do it, if that's the general consensus—but your claim that it happens in every thread like this is just wrong. 

 

It was 'taste of your own medicine' at first, and it worked for its purpose back then. It could certainly fall by the wayside even more than it already has, which is to say again that it certainly doesn't happen in every thread.

Originally Posted by helia

I can break your arm if I apply enough force, but in normal handshaking this won't happen ever.
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Originally Posted by helia

I can break your arm if I apply enough force, but in normal handshaking this won't happen ever.
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post #36 of 42
Quote:
Originally Posted by TBell View Post

If it is independently run, you should not care.

Right, because Facebook would acquire to let it be independent instead of folding it in with the rest of their services to mine all the data. Yeah, that's realistic.

post #37 of 42
Wow, WAZE really wants to be bought out dont they. First they release a rumour that Facebook are interested, then google. I suspect Samsung will be next on their list of rumours.
post #38 of 42
Quote:
Originally Posted by hill60 View Post

...but, but, but Google maps are already perfect.

 

Why would they need to buy another mapping company?

 

To kill off competition of course... welcome to the new Microsoft, er, Google.

 

Larry Page's Google is no longer kinder or gentler.  

post #39 of 42
Quote:
Originally Posted by ash471 View Post

Couldn't agree more.  Facebook should do a search box like Google+ and start providing users with combined searches of social network and web-based searches. Until that happens, Facebook will continue to be stuck in the 90's with shitty irrelevant ads that no one clicks on.

Facebook unveiled graph search at the beginning of the year.
post #40 of 42
Quote:
Originally Posted by Slurpy View Post

..and Apple could easily outbid Google if they wanted to. They've got a shitload more money. The question is only whether they feel they need Waze or not. Maybe I'm speaking from ignorance, but when it comes to POIs Apple needs all the help it can get. Foursquare would be even better. 

The POI issue will be resolved significantly in many regions by this time next year. The significance of a specific announcement of a certain feature at WWDC will be lost on many people (as is par for the course). Business owners will be stumbling over themselves to ensure they are exploiting a certain forthcoming feature which will ultimately improve much of the data.
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