Google finalizing $1.3 billion deal for mapping company Waze

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    Technology News

    A Google sign is seen at a Best Buy electronics store in this photo illustration in EncinitasBy Alexei Oreskovic and Alistair Barr SAN FRANCISCO (Reuters) – Google Inc is finalizing a deal to acquire online mapping company Waze for $1.3 billion, according to a source familiar with the matter. The deal is expected to be announced this week, though it was unlikely to occur on Monday, another source told Reuters. “Negotiations are nearly final. There are a couple of details being worked out,” the second source said. The source described the remaining details as “logistics” rather than significant sticking points. Google and Waze declined to comment. …


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