No Deal in Sight for Apple to Acquire Waze

waze iconYesterday, TechCrunch reported that Apple was interested in purchasing Waze, the social turn-by-turn navigation company. According to the report, Apple was offering approximately $400 million plus an additional $100 million in incentives, but Waze was holding out for closer to $750 million.

TechCrunch's MG Siegler now reports that there is no deal in sight.

And while Mike Butcher also claimed multiple sources in his original post, you’ll note that he was quick to qualify the information as a “rumor” (or in British parlance — Mike is English — a “rumour”). Because that’s exactly what it was. This isn’t a rumor (of a non-deal). There is no deal is happening. At least not now or anytime soon.

Siegler goes to note that Apple and Waze have in fact probably had low-level conversations about a closer partnership given that the two companies are already working together on Apple's mapping products, but he says that the talks are so far nothing more than the typical interactions seen between partner companies on a daily basis.

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Top Rated Comments

Razeus Avatar
150 months ago
Waze needs to do something about that stupid logo.
Score: 9 Votes (Like | Disagree)
Elijen Avatar
150 months ago
They could pay $750 million and buy Waze

...OR BUY GOOGLE and use their Maps?!
I doubt they could buy Google ... not even if it were for sale.
Score: 9 Votes (Like | Disagree)
peterh988 Avatar
150 months ago
Ahh, the good old rumour (yes, I'm British) mill.


Monday: Tim Cook nips into Starbucks

Tuesday: "Apple in advanced talks to purchase Starbucks!"
Score: 7 Votes (Like | Disagree)
Bathplug Avatar
150 months ago
Who cares? We have google maps back.
Score: 6 Votes (Like | Disagree)
nick_elt Avatar
150 months ago
They could pay $750 million and buy Waze

...OR BUY GOOGLE and use their Maps?!
your joking right???

edit: i see you answered that one..

----------

Stupid name (and logo), stupid app, stupid company. I had never even heard of them until this post. There are so many other options for this completely unoriginal app, business.

Even $400 mil. is too much. Apple better not pull a Facebook like Instagram purchase. Apple should completely abandon the idea and then Waze will eventually fade away into nothing and be forgotten when they go out of business. $750 mil.!?! Idiots...
I dont know about them either, so i cant tell if 400mil is too much or cheap. How do you know? i think your post was more stupid than their logo.
Score: 5 Votes (Like | Disagree)
basesloaded190 Avatar
150 months ago
They could pay $750 million and buy Waze

...OR BUY GOOGLE and use their Maps?!

Man I wish there was still a downvote button.

Why on earth would you think that would be a good or even possible idea??
Score: 5 Votes (Like | Disagree)