MacNN | Waze holding out for $750M from Apple, source says
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums
 

Desktop Headlines
Waze holding out for $750M from Apple, source says
Thursday, January 3, 2013 @ 9:20am

Negotiations for an Apple buyout of Waze are actually well underway, although Waze is holding out for a larger sum, a TechCrunch source now says. Waze is reportedly angling for a $750 million deal, while Apple is only willing to offer $400 million in straight cash plus another $100 million in incentives.



Waze pulled in less than $1 million in revenue last year, mostly via advertising. But the company's socially-based traffic and navigation content may be extremely valuable to Apple, since it could help fix coverage and inaccuracies in iOS 6 Maps. The app already uses some data from Waze, but a buyout would give access to all of it, plus social networking features unique to Waze's service.

Comments on this Article
Print Friendly Version
Email to a Friend
Add MacNN to Your RSS Feeds
Buy from the Apple Store


Related Stories:

Today's MacNN Stories:

  • Rockstar patents could bring Apple nearly $400M profit - 9:12 PM EST
  • Hands On: PDFpen Scan+ 2.0 (iOS) - 8:33 PM EST
  • Full review: Apple 13-inch MacBook Pro (Early 2015) - 8:11 PM EST
  • Hands On: Overcast 1.1.4 (iOS) - 6:30 PM EST
  • Report: Apple demanding studios provide streaming for TV service - 5:35 PM EST
  • Pointers: voice recording on a Mac or iOS device - 5:00 PM EST
  • Facebook Riff lets users create collaborative videos with friends - 4:49 PM EST
  • Sonnet reveals Thunderbolt 2 to PCIe load balancing expansion chassis - 3:11 PM EST
  • UK Diverted Profits Tax in effect today; $1B to flow into UK coffers - 2:23 PM EST
  • Daily Deals: Pixelmator, 1080p Acer projector, 128GB PNY flash drive - 1:22 PM EST
  • AT&T bid to kill FTC lawsuit based on common carrier status denied - 12:25 PM EST
  • Hands On: Todoist 10 (iOS) - 11:42 AM EST
  • Briefly: Google Maps Pac-Man, Facebook introduces Scrapbook tool - 7:55 AM EST
  • Hands On: 1Password 5.3 (iOS) - 7:53 AM EST
  • Remaining RadioShack stores to receive Sprint co-branding treatment - 7:45 AM EST

    Today's iPodNN Stories:
  • Microsoft drops Xbox branding from Windows 10 Music, Video apps - 2:56 PM EST
  • Intel quietly unveils Braswell chip family for entry-level notebooks - 11:06 AM EST
  • Amazon Dash Button with one-press ordering of supplies introduced - 8:58 PM EST
  • Google outs new Chromebooks, upcoming Chromebit HDMI dongle - 4:21 PM EST
  • Charter, Bright House sign $10.4 billion merger agreement - 3:25 PM EST
  • No comments posted on this story yet. Please post yours.
    Your Comments
    In order to post comments, you must be a registered member of the MacNN Forums and logged in. Please login with your MacNN Forums username and password.

    MacNN Forums Login:

    MacNN Forums Password:

    Not a member of the MacNN forums? Register now for free.