The anticipation was so high regarding the acquisition of Waze. Facebook & Google both were on the race of buying Waze.
Please also read: Google & Facebook are on a bid to acquire Waze, another high valued acquisition in the industry.
Finally its Google who becomes the winner in the tempted race.
Google has purchased Waze, the company that makes the popular social traffic app, but did not disclose terms of the deal.
Google confirmed the purchase in a blog post on Tuesday: "The Waze product development team will remain in Israel and operate separately for now. We’re excited about the prospect of enhancing Google Maps with some of the traffic update features provided by Waze and enhancing Waze with Google’s search capabilities."
As the industry follower, to me its the Google Map that has pushed away Facebook from the competition. Though the deal is not yet revealed by any of the parties, but our assumption says it not less than $ 1 billion .With the help of the traffic update features of Waze, Google Map will definitely bring something very out of the box for the social map users.
Courtesy: Mashable.com
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