Is Google Buying Waze for $1.1B for Social Maps?

Is Google Buying Waze for $1.1B for Social Maps? Play

June 10 (Bloomberg) -- Google has agreed to acquire map-software provider Waze Inc. for about $1.1 billion, a person with knowledge of the deal said, seeking to keep competitors such as Facebook Inc. from eroding its lead in mobile-navigation programs. Doug MacMillan reports on Bloomberg Television’s "Bloomberg West." (Source: Bloomberg)

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