Report: Google Said to Be Close to Buying Waze for More Than $1 Billion

The deal hasn't been finalized yet, but according to the report, Google agreed not to lay off Waze workers at its development center in Israel, and will allow the company to continue its development in Israel 'for at least three years.'The bidding war for crowdsourced navigation app Waze has reportedly been won by Google, which will pay 'more than $1 billion' for the startup, according to Israeli newspaper Haaretz

SEE ALSO: Waze Upgrade Includes Integration With Facebook Events

According to the report, the conditions of the deal will keep Waze CEO Noam Bardin at the helm of the company, and Waze will retain its brand and won't be integrated into Google. Read more...

More about Business, Startups, Facebook, Apps Software, and