MacNN | Waze turned down Apple acquistion offer, report claims
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums
 

Desktop Headlines
Waze turned down Apple acquistion offer, report claims
Friday, January 4, 2013 @ 4:30pm

Apple and Waze did in fact talk about a possible buyout, but Waze turned Apple down, Next Web sources say. Recently TechCrunch claimed that Apple was offering a total of $500 million for an acquisition, but that Waze was holding out for $750 million. The site quickly reversed course, saying that no serious talks had occurred.



Next Web's sources observe that while Waze was valued at $200 million during its last funding round, current investors were aiming for a higher price with Apple, closer to $1 billion. The sources add that more than one acquisition offer has come through in the past year, but that Waze has said no in every case, hoping to build a bigger company before it considers turning anything over. In recent months the company has allegedly had many closed-door meetings about its future, discussing prospects such as growth, increasing revenue, and possibly shooting for a stock offering. The company is still trying to settle on a workable business model; a licensing deal with Apple, in fact, has been some of the company's most secure income to date. Some Waze mapping data is featured in iOS 6 Maps.

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:

  • Jony Ive promoted to Chief Design Officer at Apple - 10:31 AM EST
  • MacPaw releases DevMate OS X app development and distribution tool - 9:39 AM EST
  • Acronis Access Connect for OS X, mobile released; replaces ExtremeZ-IP - 9:16 AM EST
  • Forums: Hard drive full query, hide the toolbar suggestions, and more - 8:50 AM EST
  • Apple deals: up to $350 off iMacs - 8:46 AM EST
  • Charter agrees to purchase Time Warner Cable for $55B - 8:34 AM EST
  • Hands On: Disk Cartography 1.1 (OS X) - 7:42 AM EST

    Today's iPodNN Stories:
  • Sony rebrands Japan's Xperia Z4 as Z3+ for global release - 6:44 AM EST
  • Oculus VR, founder sued for alleged use of confidential information - 9:20 PM EST
  • Google 'Project Fi' invites to be sent out by mid-summer - 5:04 PM EST
  • Android M could be revealed with fingerprint reader API next week - 12:36 PM EST
  • Google reportedly working on Internet of Things operating system - 8:42 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.