Facebook To Acquire Waze: Another Billion Dollar Deal To Strengthen Its Mobile Platform

Must Read

APAC Employees Desperate to Return to the Office [STUDY]

As researchers continue to take full advantage of the impromptu remote work experiment COVID-19 facilitated earlier this...

After Jio Platforms, Now JioFiber To Raise Billions In Investment!

if you are thinking that Mukesh Ambani is done with the investments in Jio Platforms after making...

BlackRock: The New Android Malware that Targets More Apps Than Ever Before

A new Android malware has become a nightmare for over 2.5 billion Android smartphone users worldwide. The...

On 9 May 2013, Thursday, Facebook Inc (FB) is in advance talk to buy another billion dollar acquisition called Waze– a social mapping and traffic app for up to $1Billion and thereby trying to ramp up its mobile Platform. Waze is an Israeli company founded in 2009. Waze’s Research & development is in Israel, while its U.S. offices and its CEO Noam Bardin are working in Palo Alto. Waze has sprung up one of the mainly renowned and admired navigation apps on the market.

There were reports in January 2013 that Waze had a talk with Apple Inc (AAPL). at a value of $400 million, but no deal was passed. If the deal is finalized then this will be third major acquisition of Facebook in Israel country. The first was Face.com for $60 million; the second was Snaptu for $70 million. In both acquisitions, the operations were adjourned.

Facebook To Acquire Waze

In Late August 2012, Company executives of Waze met with senior executives of Facebook but no deal was materialized. Facebook tie-up with Waze could enhance user database of Waze and improve performance in near future. Waze has near about 34 million subscribers and it is expected to reach 70 million subscribers by the end of the year.


Smartphone, tablets, and vehicle systems, furnishing GPS navigation, crowd sourced-based updates about jamming, police, traffic cameras, accidents, and road hazards, can use this app. Waze earned $30 million in October 2012 from Li Ka-Shing’s Horizons Ventures, Kleiner Perkins Caufield & Byers, and Ifund. The company has raised $67 million up to now.

With the help of Waze, Facebook will be able to provide advertising to user group on their driving model before leaving the home. Friends can share their driving experience while driving a car with both text and voice platform. Facebook has currently 751 million monthly active users since 31 March 2013, which shows 54% boost per year.

However, Waze declined this news and responds on this subject on their shut down operation after acquisition. Waze said “Don’t worry, we’ll be all right”. According to a well-known source was told by spokesperson at Waze “We do not comment on rumors or speculation about the business”.

Whatever the result will come out there is a straight advantage to Facebook users in terms of GPS navigation and community based traffic.

About Author:-


Abel Wke follows the brilliance of gadgets, social media and technology. Specialist areas of research include e-commerce, Android, Smartphone adoption and apps in general. If you have any tips or feedback, contact her via twitter or facebook


Please enter your comment!
Please enter your name here

Latest News

OYO Gets New CEO And Merger To Boost Its Business In Japan

The hospitality industry has been one of the worst-hit due to COVID-19. The pandemic left the sector...

Microsoft Confirms That Buying TikTok Is On The Cards!

Putting an end to all speculations Microsoft has confirmed that the company is actively exploring options to buy TikTok. The Redmond giant...

Happy Birthday Charlie Cheever: Quora Is A Real Disruptor of Q&A Forum

If you ever asked any question on the internet, Charlie Cheever needs introduction to you. Old wine in a...

Facebook Launches Music Videos to Eat into YouTube’s Market

With the launch of Music Videos, Facebook has made another competitive move against its biggest opponent, Google. In a...

Facebook Reveals Big Plans Behind The WhatsApp JioMart Integration In India

After Facebook Inc. (NASDAQ:FB) acquired a minority stake of 9.99% in Jio Platforms for a whopping $5.7 billion in April, it was revealed that...

Microsoft To Acquire TikTok In the US?

The rumours are making rounds that Microsoft may acquire TikTok to keep the popular short video sharing app operational in the US.

In-Depth: Dprime

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

Fantastic 4: Four Day Work Week A Flashpoint Of Innovation?

It has been an idea that has been mooted by many, perhaps also somewhat sceptically. From being a dark horse to becoming...

More Articles Like This