Lipush
Gold Member
The internet is ablaze with rumors that technology giant Apple is about to purchase an Israeli start-up.
According to reports on Wednesday on technology website TechCrunch and Israeli website NewsGeek, Apple Inc. is in talks to buy the popular navigation app Waze, developed by Israeli start-up Waze Mobile, for $400 million.
Waze Mobile, founded in 2009, offers an application for smartphones, tablet computers, and in-car systems that provides navigation on roads in Israel and several other countries.
The application also provides information on traffic congestion, police patrols, accidents, stuck vehicles and speed cameras provided by users who belong to this social network.
If the report turns out to be correct, this will not be the first acquisition bid for Waze, reported Globes. It was reported in August that Facebook was in talks to buy the Israeli company. Waze already has a form of collaboration with Apple, as together with navigation device and software company TomTom it provides traffic updates, and apparently also maps, for Apple's navigation program.
Source: Arutz7
According to reports on Wednesday on technology website TechCrunch and Israeli website NewsGeek, Apple Inc. is in talks to buy the popular navigation app Waze, developed by Israeli start-up Waze Mobile, for $400 million.
Waze Mobile, founded in 2009, offers an application for smartphones, tablet computers, and in-car systems that provides navigation on roads in Israel and several other countries.
The application also provides information on traffic congestion, police patrols, accidents, stuck vehicles and speed cameras provided by users who belong to this social network.
If the report turns out to be correct, this will not be the first acquisition bid for Waze, reported Globes. It was reported in August that Facebook was in talks to buy the Israeli company. Waze already has a form of collaboration with Apple, as together with navigation device and software company TomTom it provides traffic updates, and apparently also maps, for Apple's navigation program.
Source: Arutz7