Google Bought Waze For $1.1B, Giving A Social Data Boost To Its Mapping Business

After months of speculation, the fate of Waze, the social-mapping-location-data startup, is finally decided: Google is buying the company, giving the search giant a social boost to its already-strong mapping and mobile businesses. Speculation has had the sale at $1 billion to $1.3 billion, and so far there is no price on the deal, but a source tells TechCrunch that it was done for $1.1 billion.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/bV6Z-CLi5WM/

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