Tag: Waze

Facebook Offered $3 Billion to Acquire Snapchat

Facebook’s $3 billion offer to buy Snapchat points to a growing number of mobile technology acquisitions. Yesterday The Wall Street Journal reported Facebook offered $3 billion to acquire Snapchat. While Snapchat has declined, Facebook’s offer points to growing trend of technology companies acquiring rather than building new mobile apps. Most recently, we’ve seen a string …

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Why Google Wants to Acquire Waze

There are many reports that Google will buy Israeli mobile traffic app Waze for $1.3 billion. This acquisition would allow Google to solidify  its dominant position while actively preventing Apple or Facebook from acquiring the technology. If you have the number one product or service, one way to keep your customer base is by keeping your …

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Facebook Says No Waze

Yesterday, we learned that Facebook’s bid for Israeli startup Waze has ended. According to reports, negotiations broke down over disagreements on moving the Waze team from Israel to Facebook’s headquarters in Menlo Park, California. Facebook was rumored to be in talks to buy Waze for $1 billion. This is a great example of why it’s …

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