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:

  • Home Depot transaction security reportedly ramshackle since 2008 - 3:08 PM EST
  • Former NBA star arrested for $14,000 theft through Apple EasyPay - 2:41 PM EST
  • New Oculus Rift 'Crescent Bay' headset shown, 'massive leap' over DK2 - 2:25 PM EST
  • Apple, HP slam patent troll with $3.6 million each in attorney fees - 12:37 PM EST
  • Briefly: Modbook Pro X Last Call campaign, Twitter for iPhone update - 11:48 AM EST
  • Monkey Parking fires up service in southern CA, meets resistance - 11:14 AM EST
  • Sony Video Unlimited service migrates to OS X, Windows through browser - 10:52 AM EST
  • Microsoft: 15GB free OneDrive bonus to mobile with 'camera backup' - 10:20 AM EST
  • Apple raises prices on out-of-warranty iPhone 6 repairs - 1:53 AM EST

    Today's iPodNN Stories:
  • Oculus Rift DK1 source code, schematics released as open source - 1:45 PM EST
  • Google to reinvest in YouTube content, expand promotional efforts - 5:39 PM EST
  • Vodafone plans takeover of 140 Phones 4U stores, save 900 jobs - 3:33 PM EST
  • Nokia.com visitors in United Kingdom redirected to Microsoft site - 11:05 AM EST
  • Sony reveals SmartEyeglass headset prototype, releases SDK - 5:53 AM 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.